Young people can apply for £10,000 from Start-Up Loans scheme

Young people in Lincolnshire wanting to start their own business are being encouraged to apply for loans of up to £10,000 from a new government fund that supports start-ups with cash and business mentoring.

The Start-Up Loans scheme is being delivered by a number of companies, including, as well as The Prince’s Trust charity.

Applicants must be aged under 30 and apply through one of the delivery partners, who will interview and mentor hopefuls, as well as approve loans.

Visit Applicants are invited to submit their business plan or simply an outline of their idea. A mentor will then get in touch and take them through the process.