Applications for £10k business start-up package set to close this Friday

There’s still time for budding entrepreneurs to stake a claim for a start-up business package worth £10,000 as part of the new Start Up Launch Pad North West Initiative.

By Claire Cartmill
Wednesday, 20th October 2021, 6:00 am

Derry City and Strabane District Council, in partnership with the Londonderry Chamber of Commerce and the Inner City Trust, are offering two local entrepreneurs the chance to launch their business with full wrap around support as they embark on their new enterprise.

The package includes support with the development of a business plan under the Go For It programme and two days of tailored mentor support under the BIG programme. Other benefits include a city centre office space for one year at the Chamber of Commerce building valued at over £4,500, a £500 grant for business digital equipment, one to one mentor support and access to the Chamber’s network and peer support.

Council’s head of business, Kevin O’Connor, said: “Start-Up Launch Pad North West is the ideal chance for anyone with a business idea to take the next step with the additional security of first class mentoring support from those who have already found success in the business world.

The Mayor of Derry City and Strabane District Council, Graham Warke with Laverne O’Donnell, business officer, Derry City and Strabane District Council, Paul Clancy, chief executive officer, Londonderry Chamber of Commerce and Helen Quigley, chief executive officer, Inner City Trust

“Entrants will also have the benefit of a city centre premises and equipment for their first year as they get established, so they can focus all their resources on launching and developing their new enterprise.

“We’re looking for some bold and creative ideas which will really benefit the local economy in terms of export and commercial potential. Derry and Strabane are brimming with talent, so I hope this opportunity will inspire some diverse and exciting entries.”

Paul Clancy, CEO of Londonderry Chamber of Commerce, added: “The Chamber is delighted to support this initiative. The offer of 12 months free office space, mentoring and access to our extensive business networks will be invaluable to a successful business start-up. This supports our Chamber Mission Statement - helping your business succeed in a successful North West.”

Eligible candidates must be committed to starting a new business or have started a business and have been trading for less than one year. The winning entrepreneurs must understand the market for their business and believe they have the ability to positively impact on the local economy.

The closing date for applications is 12noon on Friday, October 22 and short listed candidates will be asked to deliver a Dragons Den style pitch on Friday, November 12 with winners announced on Friday, November 19.

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