The next stage of the government’s new £10 million start-up loans for young people pilot scheme has been announced 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 now inviting organisations and consortiums who can offer the right level of support to deliver the programme to bring forward their proposals. Expression of Interest forms are available to download on this page and should be submitted for receipt by 12 noon, 9 May 2012.
See also:
- Enterprise Loans for Young People – assessment criteria for delivery partner selection process (DOC, 69 Kb)
- Enterprise Loans for Young People – background (PPS, 231 Kb)
Please note: the criteria and guidance in these forms are a broad framework, missing the specified targets will not automatically prevent your offer from progressing. We welcome imaginative and innovative EOIs.
Expressions of interest should be emailed to tom.clementson@bis.gsi.gov.uk, or can be posted to:
Tom Clementson
Start-up Loans Pilot Scheme
Enterprise Directorate, 4th Floor, Victoria 4
Department for Business, Innovation & Skills
1 Victoria Street
London
SW1H 0ET
A collaborative-working website has been set up to allow prospective partners to work together, network and develop ideas – please email us to receive an invitation: tom.clementson@bis.gsi.gov.uk
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.
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.
For further information please following the attached link: http://www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/startup-loans
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