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Staffordshire Business Start-up Loans scheme

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.