Our Enterprise programme, which equips 18 to 30-year-olds with the tools, skills and confidence they need to become their own boss, is packed with training on managing your finances. 

But, you don't have to wait until our four-day interactive workshop begins to become better at budgets. Download our budget template (xls, 19kb) to work out all your outgoings.

We can help with this, and more. Apply for our Enterprise programme today

Start up costs

Once you’ve worked out your monthly outgoings, you’ll have an idea of how much your business needs to make for you. After that you’ll need to think about the start-up costs you’ll need to get your business off the ground.

One of the biggest challenges when starting your own business can be the question of funding. This is where we can help. As well as providing you with the opportunity to apply for a low-interest loan of up to £7,500, we can also offer you one-to-one mentoring support and training.

Tax can be taxing

Once you’ve set up your business, you must register as self employed with HM Revenue and Customs (HMRC).

HMRC has loads of really useful information on setting up a business, including an e-learning package called Starting in Business developed especially for us.

For more detail on registering your business with HMRC and further information on setting up in business, visit their website.


All businesses need insurance as soon as they start trading.

Some types of insurance are required by law and should be in place before you’re up and running. For example, you must have employers’ liability insurance if you employ people.

Other types are optional but worth considering, as uninsured losses could put your out of business or leave you in debt.

The broker or insurance company you use should be registered with the Financial Conduct Authority (FCA). You can call the FCA on 0800 111 6768 or visit www.fca.gov.uk to find an authorised insurer.

For more information about insurance in general, you can also speak to the British Insurance Brokers' Association on 0870 9501790.  Please note that there will be a call charge for ringing this number.

Want a helping hand? Apply for our Enterprise programme today.