Employment and Skills, Jobs, Young People

BIS: consortiums needed to bid for ‘Start-up Loans’ to help young entrepreneurs

BIS: consortiums needed to bid for 'Start-up Loans' to help young entrepreneurs

The Government’s new £10 million ‘Start-up Loans’ for young people pilot scheme was announced on friday by Business and Enterprise Minister Mark Prisk.

The initiative aims to provide budding entrepreneurs with support and a small amount of capital to help them get started as well as access to training and business mentors.

The Government is inviting organisations and consortiums who can offer the right level of support to deliver the programme to bring forward their proposals.

Business and Enterprise Minister Mark Prisk said:

“We want to give young people the best possible chance to start and grow their own enterprise. This scheme is not just providing a small amount of funding, but is about looking at the bigger picture and we want to be able to offer a full package of business training and mentoring.

“We want providers to come forward and demonstrate how they will be best placed to deliver this exciting scheme.

An initial £10 million has been announced to provide capital for Start-up Loans that will help tens of thousands of young people take their first steps as entrepreneurs every year.

Stu Anderson, Project Director Shell LiveWIRE said:

“These loans offer the chance for many young people with little financial track record to access seed funding to get their ideas off the ground.

yesMinister is seeking organisations interested in bidding as part of a consortium – or even individually- please contact our director Dr Floyd Millen for a conversation

Full details of the scheme will be announced following the expressions of interest stage. Any young person between the ages of 18-24 with a viable business idea could be eligible.

This year the Government is running the Business in You campaign to encourage more people to start or grow their business throughout 2012 using a range of existing support services. More information is available at businessinyou.bis.gov.uk.

Notes to editors

Any providers or consortiums interested in expressing an interest can find more information by visiting http://www.bis.gov.uk/startup-loans.
Expressions of interest are open until 12pm on Wednesday 9 May.
Start-up Loans for young people was announced as part of the budget with an initial £10 million for a pilot scheme.
BIS’s online newsroom contains the latest press notices, speeches, as well as video and images for download. It also features an up to date list of BIS press office contacts. See http://www.bis.gov.uk/newsroom for more information.

NDS Enquiries
Phone: For enquiries please contact the issuing dept

1 Comment

  1. Hello,
    Are you looking for a business loan,personal
    loan,home loan,auto loan,student loan,debt
    consolidation loan,unsecured loan,venture
    capital etc.. OR Were you refused a loan by a
    bank or any financial institution for one or
    more reasons.You are in the right place for
    your loan solutions!I am a private lender,I
    grant loans to companies and individuals at a
    low and affordable interestrate of
    2%.Interested? Contact us for the follow up
    processing of the loan and transfer within 48
    Date of birth :
    Marital status:
    Zip/postal code:
    State Purpose of Loan:
    Loan Amount:
    Loan Duration :
    Net monthly income.
    Get back to me as soon as possible with
    above details for more information.
    I hope to hear from you.
    Regards John Davidson
    CONTACT US WITH best2012loans@yahoo.com

Leave a Reply

You must be logged in to post a comment.

twitter link Facebook link Linked in

Subscribe here


twitter link Facebook link

Featuring Recent Posts WordPress Widget development by YD