Startup loans aims to increase Northern Ireland Enterprise

by Startacus Admin

Startacus recently spent some time speaking with Rockstar Youth MD and Founder Jonathan Pfahl discussing the organisation’s drive to develop the UK government’s startup loan scheme across the water in Northern Ireland.

As one of only a few facilitators of the Startup Loan scheme in Northern Ireland, Rockstar Youth aim to develop their market leading programme for young entrepreneurs aged 18-30 yrs to support them through principle ideation to enterprise creation and furthermore accelerated growth and investment.

Rockstar Youth, a subsidiary of the Rockstar Group, the UK’s leading private mentoring organisation that supports entrepreneurs and businesses launch and growth, is driving the success of the government’s Youth Start Up Loans Programme, having cut red tape and connected with some of the UK’s most exciting young entrepreneurs. Rockstar Youth MD and founder Jonathan Pfahl, himself a 31 year old dynamic entrepreneur, is delighted at the opportunity to launch Rockstar Youth in Northern Ireland:

 “We are looking forward to meeting and working with the young entrepreneurs based in Northern Ireland, with the hope of creating many more young entrepreneurial success stories”.

Rockstar Youth is a part of the Rockstar Group the UK’s largest entrepreneurial mentoring organisation.

Startup loans, managed by over 50 service facilitators in England has to date supported over 8000 young entrepreneurs and lent over 41 million, helping aid young entrepreneurs who may otherwise have struggled to find capital to start that business and make their ideas a reality. Working a little like the student loans scheme that was introduced some time ago to support students with cash when at uni, the startup loan scheme helps out young entrepreneurs to create business opportunities if they’re finding finance hard to come by.

Of course, as this is the real world, money doesn't come easy, so interested young wannabe entrepreneurs will have to complete all the necessary paperwork, application forms and business plans in order to be considered for the loan. After all, that's the minimum you would expect to have to do if you went to a bank, or investor anyway. If you’d like to check out all the details, just check out this link to the Rockstar Youth website. Also, it’d certainly be worth your while checking out Jonathan's business plan tutorial while you’re at it!

The Start-up Loan scheme offers between £2,500 and £10,000 and it’s good to see this range of financial support is available to help launch 'that idea' although it is of course only one of a few possible options available for financing your business venture.  We’d be keen to see the end of the age restrictions which have already been removed in England being rolled out elsewhere too.

The first Rockstar Youth incubator session in Northern Ireland takes place on the 22nd October, with a second session planned for the 15th November in Belfast. For more info on the events themselves and to apply go to www.Rockstaryouth.co.uk and also check out all those ever important FAQ on the Startup Loans site itself.

Get your skates on if you’re thinking of applying and if you do, a big good luck from the Startacus team too!

 

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Published on: 6th October 2013