The “Inspiring the Vale” bursary programme was set up to provide grants up to a maximum of £3k for individuals and groups of young people aged 18- 30 years old intending to start a new business or community enterprise in the Vale of Glamorgan. The scheme aimed to promote conditions which would help young people to implement their ideas for businesses or community enterprises. This included providing advice and expert support to develop a business idea, providing the necessary equipment or resources to start a business, helping with business location costs, etc.
During the first five months of the programme, 14 businesses were supported with grant awards totalling £33,252.05. By the end of the first year it is hoped that approximately 25 new businesses will have been supported in the Vale of Glamorgan with grant awards amounting to £60,000.