HistoryWhen Lord Young conceived Start Up Loans in 2012, it was part of a suite of ideas designed to boost the level of entrepreneurial spirit within the UK and stimulate the growth of our local and national economies.
Four years after Lord Young initially conceived of the idea, with over 45,000 Start Up Loans distributed to UK businesses, his vision is well on its way to becoming a reality. Lord Young said “it is easier than it has ever been to start a business” and the impact and achievements of the Start Up Loan scheme to date certainly supports this.
The success of Start Up Loans lies in our dual approach to supporting early stage businesses, equipping them not just with the finance to start and grow, but also, importantly, the support they require to succeed.
Our Delivery Partner network, comprised of a range of leading business support organisations around the country is an essential part of this. These organisations work closely with all of our loan applicants to put them in the best possible position to succeed – both in business and with their Start Up Loan application.
“Start Up Loans have the potential to transform the experience and enterprise potential of a new generation, just as the Enterprise Allowance Scheme transformed a generation in the 1980s.”
– Lord Young, founder of Start Up Loans, 2012
Find out more information about Start Up Loans
Celebrating our impact
We regularly publish news and updates related to the success of the scheme and the individuals we support.