Events

Invitation to Pre-Market Engagement Event

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Start Up Loans (SUL) Business Support Partner services for The Start-Up Loans Company, part of the British Business Bank.

The Start Up Loans Company supports new jobs and economic growth by helping people from all walks of life to realise their ambitions to start their own business.  We are making business ownership a viable career for individuals who find it challenging to raise finance, by providing loans and support to help with new and early-stage businesses. Please see the following links to learn more about The Start Up Loans Company and SUL Business Support Partners (currently referred to in the link as Delivery Partners)

The Start Up Loans Company

Start Up Loans Business Support Partners

The Start-Up Loans Company will deliver 33,000 loans over the period April 2022 – March 2025.

What are The Start Up Loans Company looking to procure?

The Start Up Loans Company is evaluating options for the selection of future SUL Business Support Partners and Post Loan Support Partners for national and regional markets.

SUL – Business Support Partners

These partners deliver a range of pre-loan services to support Start Up Loan applicants, including:

  • Generating interest in the scheme in awarded location(s)
  • Supporting applicants with the preparation of their business plan, cash flow forecast and personal survival budget
  • Assessing loan applications credit worthiness, personal affordability, and business viability
  • Acting as a credit broker to the Finance Provider
  • Promoting post loan support / mentoring to successful loan applicants (which will be delivered via a dedicated Post Loan Support Partner)

Such partners would be required to meet the following:

  • FCA authorised or able to demonstrate qualification for regulatory exemption
  • Ability to deliver to a four year contract
  • Ability to support a minimum number of approved loan applications (c.400 per year)

SUL – Post Loan Support Partner

This Partner will deliver a range of post loan services to support Start Up Loan recipients through the early stages of their business journey. This will be via an assortment of services including an online mentoring platform and 1:1 mentoring support.

Such partners would be required to meet the following:

  • Ability to deliver to a five year contract
  • Ability to deliver Post Loan support to loan recipients (c. 3,500 per year)

Two online events are planned as detailed below.

29th November – National and Regional SUL Business Support Partners

For organisations able to offer services to National or Regional markets

30th November – SUL Post Loan Support Partner

For organisations able to offer post loan support and mentoring to early-stage businesses across the whole of the UK

A Q&A compiled from these events will be made available on the British Business Bank website after 30th November 2021.

You can view the agenda and register for each of the events via the following links:

29th November – National and Regional SUL Business Support Partners

30th November – SUL Post Loan Support Partner

Up to two representatives per organisation may attend.

For more information on The Start Up Loans Company, please refer to our website.

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