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Top 5 – Funding in the beauty industry 

If you’re looking to start training to become a beautician, you may be wondering what kind of financial help is available to you. Training can be expensive, especially if you’re not sure what you want to specialise in and so are looking at multiple courses. We’ve compiled a list of some of the best places to look for funding!

1.The Princes Trust

If you’re aged between 16 – 30 and not in full-time employment or education, then The Princes Trust can help support your training with funding. You could get between £175 and £250 which they’ll pay directly to your training organisation! For that amount, you could do our ‘Building a Hair and Beauty Business’ course or a range of our beginner brow courses!

The Princes Trust also has a system to help you build your new business where you’re provided with a mentor and guidance.

https://www.princes-trust.org.uk/help-for-young-people/get-funding-train-learn

2.Advanced Learner Loan

An advanced learner loan is a loan the UK Government can give people to aid with training costs. The minimum loan you can receive is £300 which is paid directly to your college or teaching provider. The Advanced Learner Loan can be great way to gain risk-free funding for your training. 

There are a few more eligibility requirements for this loan. For example:

  • You must be over 19 years of age
  • Your course must be a Level 3, 4, 5, or 6 qualification (A levels or graduate certificate)
  • Be a UK resident

https://www.princes-trust.org.uk/help-for-young-people/get-funding-train-lear

3.Become an Apprentice

As an apprentice, you’ll not only have access to training from current, on the job professionals, but you’ll also gain government funding and training.

As a hair and beauty apprentice you’ll split your time between working and studying. Both combined will usually result in 30-40 hours a week of education and work. 

You can receive qualifications equivalent to five GCSE’s, two A Levels or even go up to a degree standard! 

The only requirement for being an apprentice is that you’re 16 years old or older and not in full-time education. By becoming an apprentice, you’ll receive education and training and won’t have student debt when you’re finished. You are only paid an apprentice wage of £4.60 though, so keep that in mind. 

If you are interested in an apprenticeship or have any questions check out how TNB Skill training can help.

4.Universal Credit/ Jobseeker’s Allowance

The pandemic hit the beauty industry hard and as a result, many people have become recently unemployed. If you’re looking to retrain or enter the beauty industry and you’re currently receiving Universal Credit or Jobseeker’s, you may be entitled to free training!

Message/talk to your work coach and they’ll be able to check what funding you may be entitled to.

5.Family Action’s Educational Grants

Family Action is a charity that provides small loans to people for welfare or educational needs. If you’re currently studying or looking to study but require small loans of around £150, they may be able to help you. They may also be able to help fund your college education, but you must be going to one of their affiliated colleges:

  • Belfast Metropolitan College
  • City and Islington College
  • East Norfolk Sixth Form College
  • Gower College Swansea
  • South Thames College
  • West London College

https://www.family-action.org.uk/what-we-do/grants/educational-grants/

It’s always worth doing your own research when it comes to funding as there may be local grants and bursaries available to you via local charities and counsels. Check out the National Careers Service for more information about finding funding and also check if you’re eligible for the government’s, 16-19 Bursary Fund!

https://www.gov.uk/1619-bursary-fund

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