As the key delivery partner for Virgin StartUp in the North East, we have helped over 300 new businesses access £4.2 million in low cost business loans over the past five years. .
Virgin Start-up Loans are low-interest loans, which require applicants to provide a detailed business plan and outline when, where and how they intend to allocate funding.
Since the programme first began in 2013, we have seen hundreds of businesses go from strength to strength following receipt of a Virgin StartUp loan. Many of those businesses go on to receive invaluable additional exposure through the wider Virgin network.
“I applied for the maximum sum of £25,000 for my business, Seaweed & Co., in order to invest in equipment that would help to revolutionise our production process and, as a result, the scalability and quality of product we sell. TEDCO made applying for the Virgin Start-up Loan simple, straightforward and reassuring – thanks in large part to the advice and support I received from my business advisor”
Dr Craig Rose, Seaweed & Co.
The international reach of the Virgin brand and that of its entrepreneurial founder, Sir Richard Branson, has repeatedly benefited TEDCO businesses over the past five years. From showcase events with Branson himself to a large-scale Q&A panel session allowing the Virgin boss to engage with local businesses more directly, Virgin StartUp have been ever present supporters of our new business landscape.
Ready to apply for a virgin startup loan?
Virgin Start-up Loans can be accessed in conjunction with the Start & Grow programme, enabling businesses to more rapidly expand and even take on staff from day 1.