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 :

* required field

Post a comment

Other Stories
Latest News

Karen Smart appointed Managing Director of East Midlands Airport

Karen Smart, currently Director of Landside Operations at London Stansted Airport, has been appointed Managing Director of East Midlands Airport.

SafeSkys awarded RAF contract in Scotland

SafeSkys has been awarded the contract for provision of Airfield Wildlife Control Services for the Royal Air Force (RAF) in Scotland at RAF Lossiemouth, RLG Kinloss and RAF Leuchars.

Gatwick to trial autonomous vehicles

Gatwick is to be the first airport in the world to trial autonomous vehicles to shuttle staff across the airfield.

Somerset engineering students attend STEM event at RNAS Yeovilton

Colleges from Somerset recently attended a STEM (Science Technology Engineering Math) event at Royal Naval Air Station (RNAS) Yeovilton.

Pioneering treatment could save limbs on the battlefield

Biomedical engineers are pioneering a new technique for treating injured limbs which could reduce amputations after battlefield injuries

NATS signs cooperation agreement with HungaroControl

The UK-based air traffic services provider, NATS, has signed an agreement with its Hungarian counterpart, HungaroControl, with the view to collaborating on digital tower projects around the world.

ODU SK191217191218
See us at
FIL18 BT111017220718SMI FAVWSBT1402060618SMI HelicopterTBT1402240518Aviation Africa BT18418SMI FAVSABT2411120418