Start Up Loans

Unlocking the UK's creative potential

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Creative England has partnered with the British Business Bank’s Start Up Loans scheme to unlock new and important finance opportunities for people working across the creative industry in the UK.

Whether you’re a young creative entrepreneur, working as a freelancer, or have started a business in the last two years, Start Up Loans can help you develop your creative pursuit.

What is Start Up Loans?

The scheme offers low-interest personal loans and free mentoring to help you start or grow a new business. It’s a great alternative if you’re looking for a business loan to fund a start-up.

Here’s the key information you should know.

  • Each co-founder or partner in the business can borrow between £500 and £25,000
  • There’s a fixed interest rate of 6%
  • You can repay over a period of one to five years
  • You’ll receive 12 months of free mentoring once you’ve been issued the funds
  • There are no early repayment fees or any other fees for setting up the loan

Want to find out more? Check out our FAQs. 

Who is it for?

You’re eligible for a Start Up Loan if:

  • you’re 18 years of age or older
  • you’re a current UK resident
  • you’re starting a new business or have been trading for up to 24 months
  • you’re unable to secure finance from other sources (self-declaration is ok)
  • your business is based in the UK
  • you have the right to work in the UK
  • your type of business and reason for wanting the loan is eligible under the terms of the scheme
  • you pass credit checks and you can afford to repay the loan
How do I apply?

Check if you meet the criteria and are eligible for funding here.

The scheme offers low-interest personal loans and free mentoring to help you start or grow a new business. It’s a great alternative if you’re looking for a business loan to fund a start-up.

Here’s the key information you should know.

  • Each co-founder or partner in the business can borrow between £500 and £25,000
  • There’s a fixed interest rate of 6%
  • You can repay over a period of one to five years
  • You’ll receive 12 months of free mentoring once you’ve been issued the funds
  • There are no early repayment fees or any other fees for setting up the loan

Want to find out more? Check out our FAQs. 

You’re eligible for a Start Up Loan if:

  • you’re 18 years of age or older
  • you’re a current UK resident
  • you’re starting a new business or have been trading for up to 24 months
  • you’re unable to secure finance from other sources (self-declaration is ok)
  • your business is based in the UK
  • you have the right to work in the UK
  • your type of business and reason for wanting the loan is eligible under the terms of the scheme
  • you pass credit checks and you can afford to repay the loan

Check if you meet the criteria and are eligible for funding here.

Loans are strictly for 18s and over. Personal loans for business use only. Finance is subject to status. Terms and conditions apply.

Creative England is a UK wide delivery partner of the Start Up Loan Scheme ran by The Start-up Loans Wholly owned subsidiary of the British Business Bank plc.

Creative England Limited is a company limited by guarantee, registered in England and Wales, registration number 07432947, registered office at 1st Floor, College House 32-36 College Green, Bristol, BS1 5SP. Creative England is not a banking institution and does not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).