Start&Grow and Virgin StartUp Loans

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START&GROW

The National Centre for Micro Business collaborates with partners to bring access to these two important areas of support. Start&Grow is a Government funded programme and Virgin Loans is provided by the Virgin group. The information below sets out the basic information but for details as to how to proceed please contact us.

The Start&Grow programme provides a range of premium pre and post start support to individuals looking to start a business. Clients must have aspiration and the capability to make the business a success. The programme is available to those looking to start a business which expects to employ people from its early stages and where start-up financing will be required to get the venture off the ground. The support provided is tailored to the individual needs of the owner and the business idea, and could include one to one support and advice, workshops and training, mentoring and help to access appropriate start up funding.

TYPICALLY CLIENTS WILL RECEIVE:

  • One-to-One assessment with an experienced, independent business adviser who will review your business ideas and formulate the next steps
  • An intensive personalised support programme, including guidance, advice and peer learning, leading to the development of a robust business plan
  • Dedicated support in an application for external funding
  • Ongoing support after business start-up

THE ELIGIBILITY CRITERIA

  • The main trading address or home address of one of the owners falls within an approved local authority area
  • Business owner will be fully engaged in the business
  • Business Owner expects to be trading three years after the business starts to trade
  • Business will create at least one additional job
  • Business is expected to benefit from investment, either personal equity or a loan/grant **

** PLEASE NOTE:
The Start&Grow programme does not give grants or loans, but provides the support and help to source any appropriate funding that is available to the business from third parties.

The support and advice that can be accessed by Start&Grow clients has been valued at approximately £5,000.

There is a small joining and administration fee for entrance onto the Start&Grow programme of £100 (+VAT).

Start&Grow is designed to accelerate business growth ambitions and lead to increased turnover, profitability, job creation, and business expansion.

Ready to take the next step? Get in touch.

VIRGIN STARTUP LOANS

Working in collaboration with our South East delivery partner for Virgin StartUp, we can signpost access for finance up to £25,000 per applicant if you are planning to start a business or have done so already and have been trading for less than three years.