FIDC wishes to promote entrepreneurial activity in the islands, primarily through encouraging more young people to start their own business. FIDC will work with stakeholders, such as the Department of Education and successful entrepreneurs, to alleviate the barriers of establishing new businesses and promoting entrepreneurship.
These websites include all the details you need as a young entrepreneur. They include information on how to go about starting your own business, writing a business plan, planning your financials or expanding your existing business. The websites also include stories from young entrepreneurs and advice for people looking to go into business.
Please find below two templates which can be used to form your business ideas. The templates allow you to structure a strong business plan and project one year's worth of financial information. Using these templates you can assess whether your business ideas are robust and practical. Download the business plan templates, and get in touch to find out how we can not only support you in preparing a high-quality plan, but will take you step by step through the whole business start-up process, so you are confident you’ve addressed everything you need, before you start officially trading.
A business plan is a written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts. It has many functions, from securing external funding to measuring success within your business. It is essential to have a realistic, working business plan when you’re starting up a business.
Please note these templates are originally for UK businesses, so some information may not be relevant to the Falkland Islands (i.e. National Insurance tax). If you have trouble downloading these files, please contact us for help.
Whether you are looking to set-up a new business or are simply looking embark upon a training course, there are plenty of opportunities to be found locally.
FIG also offers the Community Development Scheme (CDS), which aims to encourage training and development in the local community.There is currently a budget of £200,000 per annum allocated to this scheme (with significant under spend from the previous financial years), so applications are encouraged from as many people interested in undertaking some form of personal development or training.
FIDC acts as the national economic development agency for the Falkland Islands and is tasked to develop the commercial sector of the Falkland Islands by being one of the principal partners delivering the Economic, Rural and Tourism Development Strategies.
To help drive sustainable economic growth and assist in the creation of new jobs and opportunities, FIDC provides various forms of support and assistance to the Falkland’s business community.
Working towards a highly successful, diverse and sustainable economy for the Falkland Islands