Start-Up Loan Announces Ambassador Scheme

The government-backed Start-Up Loan, a scheme launched in May, which aims to help start-up companies by offering ‘affordable’ loans to 18 to 24 year-olds, has just announced 12 UK-wide ambassadors, who will, according to James Caan, provide inspiration for others to do the same.”

These youthful ambassadors are all already successful business people, with some having started as young as 14, across a wide range of backgrounds, from IT to dancing schools.

Duncan Cheatle, co-founder of Start-Up Britain and director of this new scheme, says: “I have identified 12 Ambassadors who show exactly what is possible with a relatively small amount of start-up capital. Each of them started in their teens or early twenties and has gone on to build an exciting and growing business.

“Our Ambassadors will be key to inspiring not only those young people who have a business idea to consider applying for the scheme but also to other young entrepreneurs who have already made the leap to offer their time to mentor the next generation of success stories.”

And serviced-office provider Regus has just announced that it is offering six months of access to its 1,200 premises around the world, free mail handling, call answering and a business address to the budding entrepreneurs who are given a loan through the initiative.

Steve Purdy, Regus’s UK managing director, called on more large firms to take similar steps, saying: “Rather than moaning from the sidelines about what more the Government should do to stimulate growth, we believe it is time business offered some meaningful support – we hope others will follow suit.”

Commenting on the Regus announcement, Prime Minister David Cameron said that it was “a fantastic example of an established and successful company reaching out to help nurture the next generation of British businesses”.

Accountant, Jon Stocker, specialises in offering advice, support and guidance on matters involving personal tax planning, business decision-making and business start-ups.

Posted in News.