The Start Up Loans programme offers government-backed loans at a fixed 6% interest rate to new and early-stage businesses that may struggle to get finance from traditional lenders. The scheme has been expanded to support businesses trading for up to 3 years, with a second loan available for businesses aged 3–5 years to help fund growth. Each loan averages around £9,000 and comes with mentoring and business support.
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Source: Heart of the South West Growth Hub
Last verified: 26 March 2026
The Cornwall and Isles of Scilly Growth Hub offers business grants to local busi... Sign in to read more
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