Bourne business supports entrepreneurs

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A company in Bourne is helping young entrepreneurs get their businesses off the ground by providing advice and mentoring.

Young entrepreneurs thinking of applying for loans of up to £10,000 from the Government’s Start Up Loan Scheme can now get advice at a new drop-in centre at the design studio in Victor Way, Cherryholt Road, Bourne.

The £112m scheme, headed up by former BBC Dragon’s Den star James Caan, provides finance and mentoring for people aged between 18 to 30 to kick-start their businesses.

Nicola Smith of the Bourne branch of, which nationally is one of scheme’s official delivery partners and will assist applicants, has opened the drop-in centre at her studio, where experts will assist applicants with business mentoring, including help with their business plans and loan applications.

Nicola said: “This is a great way to help young people in our town start a business.

“Our customers already include lots of businesses which are taking their first steps so this was a natural fit for us.

“It has been quite successful at our centre so far.

“It can be quite lonely when you start up a business so it’s good to have someone to talk about it.”

As well as providing finance, a key element of the Start-Up Loan Scheme is business mentoring.

This begins with helping with the business plan before the loan is approved, along with on-going mentoring over the first year.

Anyone starting up their own business who needs support with the Start Up Loan Scheme should visit