Finding the finance to set up in business is being made easier for young entrepreneurs in the South West.
The chance to ditch the day job and invest in your own venture is being made a reality thanks to a new scheme offering Start-Up Loans.
The project to ‘free the business in you’ has been launched to help anyone aged 18 – 24.
The £82.5 million national scheme was launched by the Government and Dragons’ Den star and successful businessman, James Caan, in the summer. It aims to help 30,000 new businesses get off the ground.
John Peters from SWIG, the company distributing the funding in the South West said: “We’re really excited about helping young people kick-start their business ideas with this funding.
“The South West is an area that encourages younger people to start their own businesses
“It’s a great way for people to do something exciting and that they enjoy everyday while living in a place they love.”
Amounts are flexible with a typical loan size of £2,500, but anyone who hasn’t got a business plan needn’t worry. SWIG will be able to put them in touch with someone in their area who can help with those first steps.
It’s hoped young entrepreneurs will find inspiration from the likes of Facebook founder Mark Zuckerberg, who was just 19 when he started the social media site.
Virgin boss Richard Branson started his first business at 16 and launched Virgin Records when he was 20; and South West-based Dragons’ Den star, Deborah Meaden, was 19 when she launched her first start-up.
For details contact SWIG on 01872 223883
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