Mar 24, 2015
£1k-£25k Govt-backed loans for new Humber businesses

Start-up businesses in the Humber region can now access loans of £1,000 to £25,000 through the Government supported Start-Up Loans scheme.

A Start-Up Loan is available to new businesses, and those which have been trading for less than two years, in Hull and East Yorkshire (including Scarborough) and north and north-east Lincolnshire.

The Start-Up Loans scheme has been delivered by the Chamber Acorn Fund since 2013, assisting more than 220 businesses, 17 of which have had the full £25,000 at a rate of 6 per cent per annum.

Craig Simpson, contracts manager at the Chamber Acorn Fund on Beverley Road, Hull, said: “Any business sector can get this, it is not linked to job creation and we offer free business mentoring to help you get started.

“The variety of businesses we have worked with is vast, from chimney sweeps to Internet application development and everything in between.”

Mally Welburn from Hull came up with the idea of a land train tour of the historic buildings in the Old Town whilst taking visitors to and from the city centre to The Deep.

“With the help of a Start-Up Loan the Hull Land Train venture has quickly become a significant success and has attracted further local investment,” said Craig.

Two experienced scaffolders from North Lincolnshire, Gordon Ogilvie and Paul Woods, have also successfully set up their own business using the Start-Up Loan programme.

“After a relatively short period Clearview Scaffolding has gained lucrative contracts and is well on the way to achieving their target of having 10 staff,” he added.

The loans are open to anyone over the age of 18, resident in the UK with a valid visa for the full period of the loan, and with a viable business idea, or a business younger than 24 months.

Register your interest, or apply online


Craig Simpson 01482 324976, 07595 667096,