Government launches start-up loans for young entrepreneurs

The government has launched a new scheme offering loans to young entrepreneurs, to help them start-up successful businesses.

The £82.5m StartUp Loans scheme, which was proposed by Sir Richard Branson last year and confirmed in this year’s Budget, will offer finance and support to entrepreneurs aged 18-24, in a bid to kickstart more businesses and tackle youth unemployment in the UK.

Applicants will receive advice and guidance, with the most promising going on to receive formal mentoring and training, including help with developing a business plan. Those with “robust and approved” plans will be eligible for loans of around £2,500. Continue reading “Government launches start-up loans for young entrepreneurs”