Our mission is to help new and early-stage UK businesses access affordable finance and mentoring support.
We’re a part of the British Business Bank and deliver the government’s Start Up Loans programme. This gives personal fixed-interest loans and support to aspiring and early-stage business owners from across the UK who might be struggling to access other forms of finance. The programme supports employment, enables economic growth and has a transformational impact on the lives of thousands of people.
We’ve lent more than £935m through over 99,000 loans since we were established in 2012 (as at 31 October 2022)
Setting up a business with Start Up Loans helps provides a route out of unemployment – 33% of our loan recipients aged 18-24 were unemployed prior to applying.
We lend money to people in every part of the country and from all backgrounds. The proportion of our loans which go to under-served groups is far higher than their proportion of the business population:
40% of our loan recipients are women
21% of our loan recipients are from Black, Asian and other Minority Ethnic backgrounds (excluding White minorities)
Mentoring and support:
Start Up Loans provides a full package of free support, including courses, pre-application advice and post-loan mentoring
In 2022 Start Up Loans partnered with Sign Live and the RNIB to provide better accessibility for applicants who need it.
We’ve partnered with the Open University to offer ‘Learn with Start Up Loans’ -a range of free courses ideal for people who are going into business for the first time.