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 Printing.com 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 Printing.com, 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 www.printing.com/entrepreneurs