Young entrepreneurs get access to first start-up loans

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The Dept for Business Innovation and Skills has announced a new initiative.

A start-up scheme that will help launch up to 30,000 new companies has begun providing business support and loans to young people. The first wave of cash from the £82.5 million Start-Up Loans scheme is now being distributed, helping to inspire the next generation of entrepreneurs.

Start-Up Loans will provide budding entrepreneurs between the ages of 18-24 with a range of support, including access to a business mentor and capital, in the region of £2,500, to help get their business idea moving.

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