Start Up Loans

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The Start Up Loans programme is funded by the Department for Business, Energy and Industrial Strategy (BEIS) and is delivered by The Start Up Loans Company (SULCo), a subsidiary of the British Business Bank.

It aims to encourage entrepreneurship in the UK, increase the rate of business creation and improve survival prospects.

More specifically, the programme offers loans (from £500 to £25,000, at 6% interest) alongside free mentoring and support to individuals who are starting a new business or who have been trading for less than two years.

Performance update

As at end of December 2018, the Start Up Loans programme had lent over £468m to nearly 61,000 entrepreneurs.

Find out more about Start Up Loans

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