StartUp Loan Scheme Launches

An £82.5m StartUp Loan scheme has been launched to support UK-based young entrepreneurs and potentially start over 30 thousand new businesses.

Any young people aged 18–24 accessing the scheme will receive expert and personal support to help develop a business plan and access training. If the business plan is approved, they will receive a £2,5k loan with a repayment period of up to five years.

The scheme will be managed by a range of organizations that have experience in working with young people, including the Prince’s Trust and Manchester-based Economic Solutions Group.
These delivery partners will be responsible for providing start-up support, for assessing the business plan, for making the loan and for managing repayment.

James Caan will chair a new body to oversee the allocation of funds.

Young people can register at or



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