The Start Up Loans scheme is a Government-backed programme offering personal loans and free mentoring to individuals looking to start or grow a business in the UK. Delivered by the British Business Bank, it’s aimed specifically at entrepreneurs who may struggle to access traditional finance — particularly those with limited trading history or no collateral.

Loans of up to £25,000 are available per founder (with a fixed interest rate and a repayment term of up to five years) and successful applicants also receive twelve months of free mentoring plus access to resources and templates. The funding can be used for a wide range of business needs, including equipment, marketing or working capital. Importantly, the loan is made to the individual rather than the business, which means a personal credit check is required.

For early-stage founders across East Sussex, Start Up Loans can offer a practical route into finance when other options may feel out of reach. The Growth Hub can help assess suitability, assist with application prep, and explore alternative support that may be available alongside the loan — such as grants, start-up mentoring or specialist sector guidance.