Virgin StartUp distribute government-backed Start Up Loans ranging from £500 – £25,000 to entrepreneurs launching or growing a business that’s under two years old in England or Scotland. We match every entrepreneur who recieves a Start Up Loan through Virgin StartUp with their own mentor.
Sir Richard Branson launched Virgin StartUp in late 2013 with a mission to promote entrepreneurship in the UK and to empower people to follow their dreams by turning ideas into businesses through access to advice, mentoring and funding.
Over the past 40 years Virgin and Sir Richard have been flying the flag for entrepreneurship – launching over 400 companies in the process. On this journey we’ve seen first-hand the positive impact entrepreneurship has on society; creating jobs, contributing to the economy and innovating out-of-date systems.
This is why the Virgin Group has become huge supporters of the government’s Start-Up Loans scheme and is why with Sir Richard’s personal backing, Virgin StartUp applied to become a partner of the Start-Up Loans Company to deliver the scheme across England and Scotland.
Fast-forward to today and Virgin StartUp has become one of the largest delivery partners of the scheme and has dispersed more than £16m of Start-Up Loans funding to over 1500 entrepreneurs.
Part of Virgin’s commitment to entrepreneurs is through their StepUp mini accelerator program that runs over two days. This combines networking and mentorship through a series of workshops that help to develop the core skills and knowledge that startup founders need to scale their business.