Project Underway

£20,000 grant fund for Black-owned small businesses in the UK

location icon United Kingdom
money icon £20,000
time icon 3 months
people icon N/A

Summary

Each year, PayPal provides local-level grants and support to communities around the world as part of the company’s commitment to powering an inclusive and equitable economy. Earlier this year, they awarded Kwanda a $50,000 grant to support our mission. 

We are investing £20,000 of that funding directly into Black-owned small businesses in the UK. Selected founders will receive £1,000 or £5,000 in grants, along with an offer of additional support and mentorship via YSYS, a startup community dedicated to connecting diverse people with opportunities in tech.

The Grants

The following awards are available:

Kickstarter Award x 5 - £1,000 each to kickstart a new idea

The Kickstarter award is to support early-stage entrepreneurs to test and validate their new business ideas. Founders will be able to use it for any purposes that support the development of their business idea. 

Eligibility criteria:

  • You are black and/or mixed-race entrepreneurs building a new idea
  • You are based in the UK
  • Your idea has generated less than £10,000 in revenue to date

Boost Award x 3 - £5,000 each to scale up operations 

The Boost Award is to support innovative black-owned small businesses to scale their operations. Founders will be able to use it for any purposes that support the scaling and growth of their businesses. 

Eligibility criteria:

  • You are black and/or mixed-race entrepreneurs building a small business
  • You are based in the UK
  • Your annual revenue is below £100,000

Investment Process

Kwanda will assemble an Investment Committee to review applications for the different awards. Businesses and ideas in development will be assessed on this criteria:

  • Solid business model
  • Clearly differentiated unique selling point or unique value proposition
  • Evidence of innovation
  • Potential for growth

Application

The deadline for applications is 24 October 2021. Finalists will be announced by 15 November 2021.

Click here to apply.

Trusted project partner

PayPal

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This project is funded by Kwanda villagers. We can continue funding similar projects with more villagers so do join us, or spread the word!

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Faqs

Are there limits on who can apply?

What can the grant be spent on?

Can I apply if I just have an idea?

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