Dragon helps young entrepreneurs
Published: Thursday 30th May 13
Young entrepreneurs can get help kick-starting their own businesses thanks to a unique link-up between the council and the government-backed Start Up Loans scheme.
Wandsworth is the first council to work with the £117m scheme, headed by James Caan from TV's Dragons Den.
Start Up Loans provides financial backing and mentoring support to young people aged between 18 and 30 who have a strong business idea.
The scheme has already handed out thousands of low-cost, unsecured loans averaging around £4,500 to young business people all over the country.
It aims to help set up 25,000 businesses nationwide by 2015, with a target of 20 new businesses in Wandsworth this year.
Leader of the council Ravi Govindia said:
"We're delighted to be working with Start-Up Loans on this project. We want to unlock the business potential in our young people and help them reach their full potential.
"In the current economic climate getting start-up funding can be very difficult, so this scheme will help young people with some excellent and innovative ideas take the first step towards success."
Find out more at drop-in sessions being held across the borough. No need to book a place - just turn up
- June 5 and 6 Clapham Junction Shop Stop
- June 14 - Southside Shopping Centre, Wandsworth
- June 25 and 27 The Exchange Shopping Centre, Putney
You can also find out more, or apply online, at http://www.startuploans.co.uk/
The picture shows James Caan with Cllr Govindia and Wandsworth councillor and colleague of James Caan Alex Raubitschek. A high-resolution version is available on the council's Flickr stream.