The Sir Thomas White Loan Charity has approved 11 interest-free loans in their second quarterly application window, totalling £140,900 which will be used to establish or develop a new business in Leicestershire, or allow for individuals to study at postgraduate level.
One of the city’s oldest charities, The Sir Thomas White Loan Charity – established in 1542 – provides loans of up to £20,000 to aid the start-up or development of businesses within Leicester, Leicestershire or Rutland, and loans of up to £10,000 to aid local students’ postgraduate study anywhere in the world.
Identifying a career direction isn’t always straightforward. For many, it takes time and life experience to realise exactly what it is you wish to do.
It’s an added benefit to continuing studies beyond undergraduate level; something that Sir Thomas White Loan Charity education loan borrower Greg Curtis can identify with.
Greg, from Oadby, knew what interested him and the kind of area he wanted to work in, but didn’t have a specific job role or specialist field in mind.
“I always had an interest in property and construction, but I did not know what direction I wanted to go in when applying for UCAS,” explains Greg. “There was such a breadth of curses on offer in a very diverse industry and it felt intimidating, as I did not want to pick the wrong career path. I wanted to explore different options and gain more experience of the industry, as well as develop a broader range of skills generally.”
Everybody has a talent, but not everybody has a platform to express it. Some are denied opportunities; others have their paths drawn out for them. Some don’t seize their chance when it arrives.
But through The Sir Thomas White Loan Charity’s interest-free business loans, which are available to the value of £20,000, creative, skilled and driven people are afforded an opportunity to combine their passion with a career and immerse themselves within an industry they adore. Most importantly, they’re given a chance; a stage on which to shine.
That’s certainly been the case for University of Westminster graduate Emily Sowden, who borrowed from The Sir Thomas White Loan Charity in December 2017 and has since opened up her own studio where she works as a self-employed, freelance design consultant and art director.
Each business has a story behind it. Some are complicated, whilst some others may be pretty straightforward. However, the one thing that all business stories will have in common is that they are driven by individuals; a personal account of how drive, determination and planning overcame challenges, trials and tribulations.
Sometimes an individual can emerge from a business story more inspirational than the business itself. De Montfort University Global MBA student Jane Hearst is a perfect example.
The 24-year-old joint-winner of the university’s 2018 Pitch2Win competition, which The Sir Thomas White Loan Charity proudly sponsors, was forced to overcome personal challenges before she could even focus on creating her business idea; a business idea which in itself is deeply personal to Jane.
Jane is the CEO of The Curious Observer, whose primary service is called Glimpse. Glimpse uses film production as a way of providing individuals with a life guidance service, culminating in a shoot and shareable product. The result is a form of narrative therapy, which Jane herself admits proved to be personally beneficial.
Aside from being completely interest-free, a key benefit of The Sir Thomas White Loan Charity’s education loans, available to the value of £10,000, is that they can be used to support the cost of study anywhere in the world – not just in Leicester where the Charity is based.
For many, studying for a postgraduate qualification is key to working within a chosen field, opening doors to opportunities and experiences that may otherwise be closed. In the case of education borrower Charis Ringland (pictured, centre), she has been able to enjoy both as she works towards a career in science.
Leicestershire’s The Sir Thomas White Loan Charity and Pattersons Commercial Law delivered prizes worth more than £6,000 to finalists of Leicester College’s first-ever Pitch Your Passion competition, which came to a conclusion on Friday (23 March) afternoon.
A video game developer, personalised textile creator and an innovative writing tool were the three ventures that benefited from the competition’s top three prizes, which will be utilised to develop each business further in addition to providing professional business and legal support courtesy of Pattersons Commercial Law.
Following pitches delivered by the six shortlisted finalists, a judging panel consisting of The Sir Thomas White Loan Charity Chair of Trustees David Howard, owner and director of Pattersons Commercial Law Rik Pancholi, Leicester College Employability and Enterprise Manager Gemma Jackson and the college’s Director of Human Resources Rod Wood, came to a unanimous decision on which businesses should benefit from financial investment and professional support.
The Sir Thomas White Loan Charity is pleased to announce that a total of eight interest-free loans, totalling £77,227, were approved following the Charity’s opening quarterly interviews of 2018.
One of Leicester’s oldest charities, The Sir Thomas White Loan Charity provides people between the ages of 18 and 35 with loans of up to £20,000 to help start or develop business within the county, or £10,000 to aid postgraduate study. All loans are completely interest-free for a nine-year period, with equal monthly repayments commencing three years after the loan is taken out.
A beauty salon that benefited from a Sir Thomas White Loan Charity business loan has been named East Midlands Beauty Salon of the Year, in a prestigious series of awards which recognise the beauty industry within Great Britain.
Sophie Élise Beauty Boutique, located in Melton Mowbray, beat three other finalists to the title. In addition, Sophie Élise was named runner-up in the Salon Retailer of the Year category; a national accolade.
Suhail Alloo’s aim was always clear – to become a qualified lawyer.
As any qualified lawyer will testify, it’s a challenging journey that requires commitment, hard work and – naturally – the successful pursuit of key qualifications through education. That’s why Suhail got in touch with The Sir Thomas White Loan Charity and successfully applied for an interest-free education loan.
The Sir Thomas White Loan Charity joined a panel of inspirational speakers at the De Montfort University Innovation Centre’s co-working café on Wednesday 24 January, forming part of the centre’s ‘Connect at the Co-Working Café’ event focusing on the topic ‘New Year, New You’.
In attendance on behalf of The Sir Thomas White Loan Charity, Chair of Trustees David Howard delivered a background talk on the support that the Charity provides through interest-free business and education loans, specifically for young entrepreneurs wishing to establish or develop a business within Leicester, Leicestershire or Rutland.
Also speaking on the evening was DMU student and founder of Evade Magazine, Emma Guy; the latest winner of the university’s Pitch2Win competition, which The Sir Thomas White Loan Charity sponsors annually.
The evening also consisted of a Q&A and networking session, which saw David engage with many of those in attendance on a one-on-one basis, discussing potential business ideas and the finer details of the Charity’s application process.
If you’re a young entrepreneur looking to start a business in 2018 – and need investment – please CLICK HERE to find out more about our nine-year interest-free business loans, or email firstname.lastname@example.org to register for an application pack.
To find out more about the DMU Innovation Centre, which allows people to run their business from the premises, please CLICK HERE or follow @DMUworkspace on Twitter.