The John Cracknell Youth Enterprise Bank is for young people aged up to and including 21 years old. It offers grants of up to £1,000 for individuals or groups of young people who need finance to help make their idea happen. (More funding will be considered in exceptional circumstances). The idea should benefit other people or help the applicant develop an enterprising idea.
The Youth Enterprise Bank (YEB) is not just about giving financial support we also offer practical help with developing your business idea. The YEB works closely with the team with the City's region and policy team. The Youth Enterprise Bank is managed by a group of trustees, chaired by Maureen Foers OBE and linked to the Hull Youth Enterprise Partnership.
To-date over 350 young people from Hull, East Riding, the town of Scarborough and the towns of Norton upon Derwent, Pickering and Malton in Ryedale have benefited from this source of funding, purchasing items such as: Computers, Business Stationery, Websites, Photography Equipment, Manufacturing Equipment, Training Courses, and many other business start up support needs.
The John Cracknell Youth Enterprise Bank relies on support from young entrepreneurs, Hull City Council and businesses in Hull, East Riding, the town of Scarborough and the towns of Norton upon Derwent, Pickering and Malton in Ryedale. This is why we have introduced a new bondholder investment scheme in order to be able to give support to more enterprising young people; we would therefore appreciate it if you were willing to become a bondholder and that you would consider one of our three options on how to become involved.