Start Up Loans Coming to Northern Ireland

Northern Ireland start-ups to benefit from Start Up Loans scheme

Loans for Northern Ireland

The first Start Up Loans to young Northern Irish entrepreneurs with good business ideas will be made this summer, it was announced yesterday.

Budding entrepreneurs aged between 18 and 30 will have access to the £117 million Start-Up Loans fund. Loans will be made available through delivery partners, with The Prince’s Trust and the School for Start-Ups already confirmed and agreement expected shortly with Enterprise Northern Ireland and the Ulster Community Investment Trust.

Start Up Loans Scheme

Since it started in England in autumn 2012, the Start Up Loans scheme for young entrepreneurs has already committed over £26 million in loans and £4 million in support to help over 5,000 people aged 18 to 30 set up businesses, almost half of whom were previously unemployed.

The Deputy Prime Minister, Nick Clegg said:“Start-Up Loans have proven to be a great success in England and we want young people in Northern Ireland to also be able to use the scheme to turn their enterprising ideas into live businesses.”

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