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July 6, 2012

30k young entrepreneurs given free office access

Filed under: News — Tags: , , — Office Space @ 6:00 am

One serviced office space provider has recently pledged to do its part to support new start-ups by providing 30,000 young entrepreneurs free office accommodation.

The space is being made available by serviced offices provider Regus to any who apply successfuly to the new StartUp Loans scheme launched by the government recently, an endeavour which will provide as much as £82.5 million in funds and support to younger people that want to begin their own start-up. Applicants that are selected for the scheme will receive a £2,500 micro-loan and will gain access to business mentoring provided by the government, and with Regus committing to £20 million worth of office space for those selected by the scheme, that initial government loan can be stretched even further.

James Caan, former Dragons’ Den star and chairman for the scheme, welcomed Regus’ support of StartUp Loans, stating that it demonstrated how committed the private sector is to the scheme’s success. Mr Caan predicted many more firms coming forward to support young entrepreneurs in the UK by providing them the crucial help they need to get their business off of the ground.

Under the new deal, Regus will be supplying six months’ worth of unlimited use of any of their not only their 160-plus business lounges located in the UK but their entire worldwide network of 1,200 sites. Included in the deal is access to the firm’s other products and services at a discounted rate, mail handling and call answering, and a high-profile business address.

The prime minister also praised the news that Regus had decided to support StartUp Loans, remarking that the future of the UK hinges upon the contributions of companies willing to aid young entrepreneurs develop new enterprise. The government will also be offering additional help to start-ups by opening the doors of 18 of their buildings that currently sit vacant in order to provide entrepreneurs office space.

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