The Princes Trust

Business Start-up Programme

The Prince's Trust's business start-up programme offers low interest loans, grants and support to enable 18-30 year olds to start their own businesses. All are unemployed or under-employed and have been turned down by a bank. 

• Over 43,000 people have been supported since 1983, creating more than 35,000 new businesses.
   
• The top 50 businesses turn over in excess of £150 million and employ 1,800 people. 
   
• Half those who cease trading enter full-time employment, further education or training.
   
• Approximately 60% of businesses are still trading into their third year. 
   
• The average support given to set up a business is £2,500.
   
• 44% set up in the service sector, 25% in media, leisure and the arts, 11% in manufacturing, 8% in fashion and design and 12% in other sectors.
   
• 4,218 young people received finance and support in the last financial year, creating 3,822 businesses.
   
• Over 7,000 people are currently volunteering as Business Mentors.
   
• Over 800 volunteers are serving on boards.

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The Prince's Trust is the UK's leading youth charity offering 14-30 year-olds opportunities to develop confidence, learn new skills, get into work and start businesses. The Trust targets people who are unemployed or facing barriers in life. For details visit www.princes-trust.org.uk or ring free on 0800 842 842.