**Currently 'on-hold' pending more funding - email enquiries as below**
The Staffordshire Business Start-up Loan scheme has been set up in recognition of the impact that COVID-19 restrictions have had on businesses in the region. We know that Staffordshire is a hotbed of talent and we are keen to support budding entrepreneurs affected by the current pandemic.
What is the criteria of the loan?
- Interest free
- Loans of £3,000 - £5,000 available
- No set-up fee
- No requirement for match-funding
- Unsecured
- Re-paid in full after 12 months
The start-up loan will be accessible to any potential entrepreneur with a good business idea. We would especially welcome applications from the following sectors:
- Digital sectors.
- Agri-tech.
- Engineering.
- Innovation relating to climate change.
- Manufacturing including food tech.
- Professional Services.
- Advanced materials.
- Hospitality and leisure sectors.
- Innovation relating to health and care including Med Tech and Health & Safety.
What is the application process?
Applicants for the start-up loan will need to have attended the Staffordshire Start-up scheme (or similar start-up mentoring programme). Potential applicants will typically be referred to the start-up loan scheme by their business mentor.
To apply for the loan you will be asked to complete a simple application form. This should be returned to startuploans@staffordshire.gov.ukalong with the business plan which you have prepared alongside your mentor. Your proposal will be considered by a panel of experts before the award is made.
How do I find out more?
In the first instance businesses are required to contact the Staffordshire Start-up scheme to arrange their enrolment on the programme. Tel: 01782 202222 or email:info@staffordshirechambers.co.uk. This is a free mentoring facility with useful workshops to inform your start-up journey. Once this course is completed the business is eligible to apply to the start-up loan scheme for funding.
