in Features

Virgin StartUp launched to support young UK entrepreneurs

Posted 24 October 2013 · Add Comment

Today Virgin is launching Virgin StartUp, a not-for-profit company, which will offer financial support, mentoring and business advice to thousands of young entrepreneurs across the UK.

Above: Zoe Jackson, founder and managing director of Living the Dream, chats with Sir Richard.

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.

Mei Shui, formerly head of enterprise at The Prince’s Trust, then executive director at The Start Up Loans Company, heads the Virgin StartUp team and will administer, manage and market the Virgin StartUp company to bring in additional loans to the programme. Sir Tom Shebbeare, former chief executive of The Prince’s Trust and now chairman of Virgin Money Giving and Spring Films will chair the new Company providing strategic guidance on the range and scope of the assistance to young entrepreneurs. Virgin StartUp also plans to develop a widespread mentoring programme and a series of regional events to promote new businesses and showcase established entrepreneurial expertise.

Virgin StartUp follows the successful pilot programme in the North East involving Virgin Money. This initiative, launched in October 2012, is a consortium between Virgin Money, Virgin Unite, The Northern Rock Foundation and Project North East to deliver start-up loans. In the last 11 month it has backed more than 100 businesses and lent £600,000 in funding.
 

To find out more about Virgin StartUp and to apply, young entrepreneurs should visit : www.virginstartup.org
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Azores Airlines takes delivery of its first A321neo

Azores Airlines has taken delivery of its first Airbus A321neo aircraft, to become first Portuguese A320neo Family operator.

Serco signs Copernicus data access contract with ESA

Serco's business in Italy has been awarded a contract by the European Space Agency (ESA) to deliver a ground-breaking project to facilitate open and unlimited access to earth observation data and geospatial information collected as

All change at the top of Airbus

The Airbus Board of Directors has today announced executive changes as Tom Enders (59) has advised them he won't seek another term as CEO beyond his current mandate (which runs until the 2019 Annual Shareholders Meeting April 2019)and

ADS highlights industry need for transition agreement in early 2018

ADS said today that although confirmation that talks can start on transition and our future relationship with the EU is welcome progress, industry now needs to see urgent agreement reached on transition arrangements.

Astronaut Tim Peake opens UTC Portsmouth

Two years after blasting off to join the International Space Station, British astronaut Tim Peake formally opened the Roya Navy backed college which will produce the scientists and engineers of tomorrow.

CAA launching new airspace change process

In 2015 the CAA started reviewing its airspace change process and after nearly three years of detailed work and two public consultations, it is now launching its new process which will take effect from 2nd January 2018.

Aviation Africa SK18418
See us at
S&P BT281117080318Aviation Africa BT18418SMI NCWBT3110020218SMI FAVSABT2411120418FIL18 BT111017220718