1st Formations is a prominent UK organisation that supports the funding of emerging entrepreneurs through a scholarship programme. This initiative offers crucial financial assistance to those in need, enabling them to gain the education, skills, and knowledge necessary to successfully operate their own businesses in the future.
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When is the Application Deadline:
- 31 January 2026
- Successful applicants will be notified by 27 February 2026
Tell Me About The Award:
The 1st Formations Business Scholarship is a privately funded bursary designed to support undergraduate and postgraduate students with entrepreneurial ambitions.
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It aims to help students who need additional financial support while developing business ideas during or after their studies.
Which Fields are Eligible?
- All academic disciplines are eligible, provided the applicant has a viable business idea.
Type:
- Bursary / Scholarship (financial support for study-related expenses)
Who can Apply?
- Undergraduate or postgraduate students
- Applicants who are currently studying or holding an offer to study at a recognised UK or US academic institution
- Students able to demonstrate financial need and entrepreneurial motivation
How are Applicants Selected?
- Quality and originality of the 500-word supporting statement
- Strength and feasibility of the proposed business idea
- Demonstrated financial need
- Academic recommendation (where applicable)
- Recent academic performance
Which Countries Are Eligible?
- All nationalities
- Applicants must be studying in the United Kingdom or the United States
Where will the Award be Taken?
- At recognised UK or US academic institutions
How Many Awards?
- Up to 5 awards
What is the Benefit of the Award?
- £500 bursary per successful applicant (approximately $750)
- Can be used for textbooks, course materials, and living or study-related expenses
How Long Will the Award Last?
- One-time financial award
How to Apply:
- Prepare a 500-word supporting statement outlining a business idea and personal financial need
- Submit proof of academic status:
- Offer letter (for incoming students), or
- Letter of recommendation from a current tutor or course coordinator (for current students)
- Include recent grades or exam results from your current course
- Submit all documents via email before the deadline
Visit the Award Webpage for Details:
