Fairwood Trust joined forces with the University of South Wales’ Bright Ideas programme to offer support for fledgling businesses. The programme offered existing students from the University, who have recently started their own company, the opportunity to apply for funding for up to £5,000. The chosen businesses were given training in entrepreneurial skills and topics including attitude, creativity, networking and building relationships.
After the success of the first year, the Trust has renewed its funding for the Bright Ideas programme. Six scholarships are available during the current academic year and are available to graduates of up to five years. The ventures judged to have the most potential will be selected to receive the grant as well as a skills development package.
One of the Bright Ideas success stories – Welsh fashion designer Michelle McGrath – received funding from Fairwood Trust that has helped her to establish two fashion labels – Michelle Victoria McGrath and A Little Bit of Couture.
Michelle said: “I am extremely grateful to Fairwood Trust, it is such an incredible fund and I am thankful for the opportunity and the support it has given me during the development of my fashion labels.
“The grant has enabled me to live my dream here in Wales and my designs are even being sold internationally! My ambition for both my labels is for them to be manufactured here in Wales and sold around the world.” (Michelle McGrath)