Sir Richard Branson announces launch of Virgin Startup for UKs Young Entrepreneurs (via Business Matters)
Working with The Start-Up Loans Company (SULC) as a delivery partner, Virgin StartUp will provide loans to entrepreneurs between the ages of 18-30 across the UK.
At its East London launch in BoxPark, Shoreditch, Sir Richard Branson was joined by James Caan, Chairman of SULC, Sir Tom Shebbeare, Chairman of Virgin StartUp, Kevin Horne, Chairman of the Cavendish Consortium and Richard Reed, Co-Founder of Innocent Drinks and a key supporter of the scheme.
Virgin will invest in a central team to manage the new company. It will draw on resources from Virgin to help promote the scheme. The new initiative is collaboration between Virgin, the Cavendish Consortium (made up of six of the largest enterprise agencies across England) and the National Enterprise Network.
In addition, Virgin StartUp has the support of Virgin’s UK companies including: Virgin Trains, Virgin Money, Virgin Media, Virgin Atlantic, Virgin Active, Virgin Care and its not-for-profit foundation Virgin Unite. These companies will provide access to staff mentors, marketing and media support, business advice, as well as space to host networking and promotional events.
To find out more about Virgin StartUp and to apply, young entrepreneurs should visit www.virginstartup.org
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