“Virgin Start Up”, New Support Scheme for Young Entrepreneurs

Following an 11 month pilot initiative in the North East, Entrepreneur Richard Branson has announced the launch of a new not-for-profit company, which will offer financial support, mentoring and business advice to thousands of young entrepreneurs across England.

“Virgin Start Up” will provide loans of up to £25,000 to young people (aged 18 – 30) in England who want to start or expand their business. Applicants will initially have to register on the Virgin Start Up website and will then be contacted by one of the schemes partners to discuss the applicant’s plans and support required. Smaller loans of up to £1,000 are also available to test a business idea.

Applications can be submitted at any time.

For more information visit http://www.virgin.com/richard-branson/launching-virgin-startup