No age barrier to loan scheme

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The age limit for the Government’s Start Up Loan scheme has been removed, allowing all those over 30 who are starting an enterprise in Cornwall and the Isles of Scilly to apply for funding directly from Outset Cornwall.

Outset Finance, sister company to award-winning Outset Cornwall, has been appointed an official delivery partner for the Start Up Loan scheme, and is able to offer low interest loans for entrepreneurs over 30 just starting or in business for less than 12 months.

The Start Up Loan Company deals typically range from £2k to £10k, filling a big gap for early stage enterprises to buy stock, equip premises or simply to fund those crucial first months.

Bev Hurley, chief executive of YTKO Group, was delighted with the appointment. She said: “Being chosen as a delivery partner underlines our expertise and experience in early stage funding. At Outset Cornwall we’ve helped our clients create 397 new firms, and 500 jobs too, but now this money gives us a boost to getting local people out of unemployment, or a dead end job, and into a properly-funded business.”

For more details, click here.