Help at hand for young entrepreneurs

Lancashire Community Finance campaigners.
Lancashire Community Finance campaigners.

A not for profit community business is set to give the next generation of entrepreneurs in Lancashire finance and support to start their own businesses.

Lancashire Community Finance, which has a part-time base in Sun Street, Lancaster, is delivering the Government’s Start-Up Loans programme, providing business support, mentoring and loans to young entrepreneurs.

An extra £30million was earlier this month announced for for the programme, taking the total pot for Start-Up loans to more than £110 million over the next three years.

The age limit for applications has now been extended from 24 to 30 years old.

Lancashire Community Finance is part of a consortium delivering Start-Up Loans, led by the Community Development Finance Association (CDFA). The consortium will get up to £1.3million to boost youth entrepreneurship, with more than a million young people currently unemployed.

Anyone with a business idea in Lancashire and surrounding areas of North Merseyside, Wigan and St Helens can apply for a loan.

Elaine Rimmer, the manager at Lancashire Community Finance said: “We’re very excited to be part of the Start-Up Loans programme. But we can offer much more than loans toany budding entrepreneurs.

“We can support young people to develop their ideas and business plan, help with developing a loan application, provide on-going mentoring and support, and give access to useful product and service offers that would not normally be available to new businesses.

Call 01772 556877 to find out more.