The StartUp Britain bus is making a comeback with a four-week tour starting on 12 October at London’s Earls Court, the venue for Youth Enterprise Live, and then going on to travel all over the country with the aim of inspiring and supporting young people who are interested in starting their own business.
As well as containing a free StartUp loans kit for each visitor, the bus will also be filled with business advisors, authors, mentors and entrepreneurs, who want to pass on their advice and experience to the would-be business owners.
The bus is going to universities and further education colleges because research has shown that eight out of 10 young people aged between 18 and 24 think about starting a business and it aims to help them turn this dream into a reality.
A recent report into entrepreneurs in the UK revealed a significant rise in the number of young people aged 18 to 29 engaged in early stage entrepreneurial activity.
The Global Entrepreneurship Monitor (GEM) report showed that in 2010, 5.3 per cent of young people aged 18 to 29 were in early stage entrepreneurial activity. That figure rose to 7.8 per cent last year, an increase of a third in twelve months.
Sponsored by .CO Internet and the Gazelle Colleges Group and backed by firms such as Dell, Intel and PayPal, the tour is also aiming to allow budding entrepreneurs to apply for a StartUp Loan while on board the bus.
The £82m StartUp Loans Scheme is aimed at people aged 18 and 24 and will provide them 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.
Accountant, Jon Stocker, specialises in offering advice, support and guidance on matters involving personal tax planning, business decision-making and business start-ups.