Young entrepreneurs are being encouraged to make their business dreams reality with the help of a national start-up loans fund.

The scheme is supported by Bizspace, one of the UK’s leading national providers of flexible business accommodation, and the company is reminding budding business people to stake their claim.

This year the fund has been expanded to a wider age group – now any aged 18 to 30 is eligible for a loan. The pot itself has also been increased from £82million to £112million.

“At Bizspace we are passionate about helping new businesses to get off the ground and flourish,” sales and marketing director Emma Long said.

“So far the fund has only lent out £1.5million, so there is massive scope for anyone with a new business idea to access the backing they need. The aim of the Start-up Loans Company, which is chaired by ‘dragon’ James Caan, is to be lending to 100 new businesses per week.

“Bizspace has more than 110 business accommodation sites across England and Scotland and we have special offers in place for start-ups to help them work their way up the ladder. This is the second year we have been working with the Start-up Loans Company and are doing what we can to raise awareness to business people of the future.”

A special offer from Bizspace is also featured in the new StartUp Kit from Enterprise Nation. The kit provides information and tips on starting a new business; success stories of people who have chosen to become their own boss, and more than £500 worth of offers to help businesses bring down their start-up costs. The kit costs £10, or £5 for the downloadable ebook. Bizspace is offering new customers one month’s free virtual office or one month free in any of its spaces, dependant on a six month agreement being signed.

Last year Bizspace also launched an online forum to help anyone seeking advice about starting a new business. To join, search ‘Start-up Support for New Businesses’ on Linkedin.com.

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