The 1st Formations Business Scholarship provides additional funding for undergraduate and postgraduate students who need financial support to pursue their entrepreneurial dreams. This scholarship awards up to five successful applicants with a £500 bursary to help cover course materials, textbooks, and living expenses.
1st Formations is a leading UK company formation agent offering comprehensive online company registration and address services. As part of their dedication to supporting new business, they fund the next generation of entrepreneurs by assisting students in accessing the education and skills needed to run their own businesses.
1st Formations Business Scholarship Benefits
- Award of £500 ($750) per successful applicant
- Up to 5 scholarships awarded each year
- Funding for course materials, textbooks, and living expenses
1st Formations Business Scholarship Eligibility Criteria
- Open to anyone currently in receipt of an offer from, or currently studying for an undergraduate or postgraduate degree at a recognised UK or US academic institution
- Must submit a 500-word Supporting Statement explaining one business idea and personal circumstances outlining need for financial support
- Incoming students must provide a copy of their offer letter
- Current students must provide a letter of recommendation from a tutor or course co-ordinator (from current course at UK or US institution)
- Must provide recent grades/exam results from current course (UK or US institution)
How to Apply for 1st Formations Business Scholarship
- Send an email with a 500-word Supporting Statement explaining one business idea you would like to pursue during or after your studies, including personal circumstances outlining why you need financial support
- If you are an incoming student: include a copy of your offer letter from your academic institution
- If you are a current student: include a letter of recommendation from a tutor or course co-ordinator, with a contact email or telephone number for your sponsor
- Include a note of recent grades/exam results from your current course
Frequently Asked Questions (FAQs)
Here are the most frequently asked questions about the 1st Formations Business Scholarship. These answers cover eligibility, benefits, deadlines, and how to apply.
What is the 1st Formations Business Scholarship?
It is a scholarship offered by 1st Formations, a UK company formation agent, providing up to five successful applicants with a £500 bursary to help with study costs such as course materials, textbooks, and living expenses.
Who is eligible for the scholarship?
The scholarship is open to anyone who has an offer from or is currently studying an undergraduate or postgraduate degree at a recognised UK or US academic institution.
What is the deadline for applications?
The closing date for applications is 31st January 2027. Successful candidates will be contacted and announced by 26th February 2027.
How much funding does the scholarship provide?
Each successful applicant receives a bursary of £500 ($750). Up to five scholarships are awarded each year.
What do I need to include in my application?
You need to send an email with a 500-word Supporting Statement explaining a business idea and your need for financial support. Incoming students must include an offer letter; current students need a recommendation letter and recent grades.
Can I apply if I am not a UK or US student?
You must be studying at a recognised UK or US academic institution. The scholarship is open to international students enrolled at such institutions.
How are applications assessed?
Applications are assessed based on the quality of the Supporting Statement, the need for financial support, and the quality of the academic recommendation and grades provided.
When will I know if I have been selected?
Successful candidates will be contacted and announced by 26th February 2027. The scholarship will be awarded shortly after that date.
Can I apply if I am a current student?
Yes, current students at recognised UK or US institutions are eligible. You must provide a letter of recommendation from a tutor or course co-ordinator from your current course.
What if I am an incoming student?
Incoming students must provide a copy of their offer letter from the academic institution. You also need to submit the 500-word Supporting Statement.
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