BUSINESS house owners in Aberdeen have obtained over £2m of funding for the reason that launch of the British Enterprise Financial institution’s Begin Up Loans programme.
The scheme has thus far delivered 189 loans to companies within the Granite Metropolis.
Since 2012, companies have obtained a median of £10,583 every to get began with turning into their very own boss.
Extra assist has additionally been delivered via the scheme in areas like advertising, enterprise improvement and marketing strategy writing.
Of the entire loans provided to entrepreneurs in Aberdeen, over one-third (34%) have gone to feminine founders and 35% to enterprise house owners below the age of 30.
One younger couple to profit lately from the Begin Up Loans programme’s assist are husband and spouse Glenn and Jen Bowen, who began board sport rental enterprise Lease Shuffle & Roll in 2022.
The couple launched the enterprise after creating a love for board video games throughout their time at college.
They lately obtained a £20k mortgage via the Begin Up Loans programme and DSL Enterprise Finance to buy a van, enabling them to take the enterprise on the highway and showcase their subscription service at gaming occasions.
Barry McCulloch, senior supervisor, UK Community, Scotland on the British Enterprise Financial institution, mentioned: “Delivering almost 200 loans and offering £2m of funding to smaller companies in Aberdeen is a big milestone for the Begin Up Loans scheme.
“This displays our ambition to unlock alternatives for Scottish companies outdoors of the central belt, and it’s been a pleasure to see the advantages that the funding has delivered to entrepreneurs and communities within the North East.”
“We’re extremely pleased with the success of the scheme because it was launched in 2012, and it’s improbable to listen to tales from individuals who’ve turned their desires into actuality.”
Glenn Bowen mentioned: “Our assortment is rising consistently and we’ve nearly reached 1,000 video games – that’s 300 greater than we had this time final yr.
“We have been requested to supply the entire gaming library for the UK Video games Expo in June so the van was pivotal in transporting all of them all the way down to Birmingham.”
“We’re grateful to the British Enterprise Financial institution and DSL for serving to us discover our method firstly, and it’s nice that they’ve reached this milestone and proven their dedication to supporting early-stage companies, like ourselves, in Aberdeen.”