The Sir Thomas White Loan Charity is pleased to announce that a total of £93,705 has been approved in interest-free loans to young people within Leicestershire and Rutland, at the end of the charity’s first quarter of 2019.
One of the oldest charities in the county, The Sir Thomas White Loan Charity, named after the wealthy benefactor forming part of the city’s historical Clock Tower, provides people aged over 18 and under-35 with interest-free loans to help start or develop businesses within the county, or to fund postgraduate study anywhere in the world.
Following March’s meeting of the charity’s Board of Trustees, a total of six interest-free business loans, totalling £79,380, were awarded to help fund ventures including a vegan caterer, illustrator and security provider.
In the second instalment of our exclusive blogs with Sir Thomas White Loan Charity trustees, Lucy Womack provides insight into the charity’s quarterly meetings, which determine whether a borrower’s application has been successful, and the inspiration felt come the meeting’s close…
Despite it being quite common, I’m always amazed at how inspired I feel coming away from my involvement with The Sir Thomas White Loan Charity. It’s at this time that I feel so enthusiastic about working with an incredible charity that makes such a huge difference to young people in the county.
Okay, a little context needed; I understand. Last week, I spent an afternoon at one of the quarterly trustee meetings, where all 18 of us sit to discuss a host of matters involving the charity – not just our interest-free business and education loans.
Sir Thomas White Loan Charity Ambassador Lee Tomes has benefited from both forms of interest-free investment available from the charity.
Having initially engaged with the charity to take out an education loan to fund his postgraduate study in London, Lee – having returned to Leicester following his studies – set up Orange Fox Studios.
The video production agency, based in Phoenix Square in Leicester’s city centre, thrived. However, Lee wanted to be able to offer clients an enhanced service and product. As a side note, Lee also wanted to be able to focus on being able to work on projects that enabled him to utilise his creativity and skillset to the fullest. In order to deliver all of that, he required additional investment.
Sir Thomas White Loan Charity Trustee, Bill Jones, provides an insight into the initial success of a borrower of one of the charity’s interest-free business loans, following his recent visit to see how things are getting on…
One of the things that I believe is so special about The Sir Thomas White Loan Charity is that our support and interest in a borrower’s business idea doesn’t stop when they’re approved for a loan. We genuinely care about the project an applicant has set out and we want them to succeed. That’s why, on an annual basis, us trustees visit our borrowers’ businesses to see how things are progressing.
For me, it’s one of the most rewarding things to experience.
Anybody that has started their own business will understand the importance of forming a strong business plan.
It’s more than a document; it’s a guide that can help you keep on track when the unexpected happens and one that can be altered at different stages, to ensure you take the unexpected into account moving forward.
That’s why producing – or developing – a business plan is a key part of the application process for anybody wishing to take out an interest-free business loan from The Sir Thomas White Loan Charity.
With the loans we provide being so unique – we want to ensure that the investment provided is to a start-up or young business that has a clear direction, or to a prospective business owner that has done the research and planning to back up their concept. But it goes way beyond us.
A business plan enables YOU to evaluate where you are in terms of starting a business. It allows YOU to be able to see where your strengths and weaknesses are. It enables YOU to be able to set realistic goals.
The Sir Thomas White Loan Charity (STW) hosted its first-ever event for aspiring business owners at Friars Mill on Wednesday 31 October, forming part of the 2018 Leicester Business Festival.
‘Challenges and Triumphs of Business Start-Up’ allowed delegates to hear first-hand accounts of the journey experienced by two young business owners within Leicester, in addition to accessing insightful information regarding business planning, creating a financial forecast and the interest-free financial support available through The Sir Thomas White Loan Charity.
Speaking at the event were business loan borrowers and STW ambassadors, Hannah Myatt – owner of Skytribe Dance Studio, and Lee Tomes, who owns Orange Fox Productions.
Knowledge and experience; two beneficial factors when starting your own business and assets that Shiraz Sidat possessed ahead of establishing his company, Speedel.
A Sameday business critical delivery service, Speedel provides bespoke solutions for its client base on a 24-7, 365-day-a-year basis. With the help of an interest-free loan from The Sir Thomas White Loan Charity, Shiraz was able to get Speedel off the ground and is now keen to share his experiences of starting a business with fellow aspiring entrepreneurs.
The 31-year-old, from North Evington, is to be one of the key speakers at The Sir Thomas White Loan Charity’s forthcoming Leicester Business Festival event, entitled Challenges and Triumphs of Business Start-Up, providing insight into his personal challenges.
Join The Sir Thomas White Loan Charity for an event not to be missed for any young or aspiring business owner in Leicestershire.
Forming part of the 2018 Leicester Business Festival, the event – Challenges and Triumphs of Business Start-Up – takes place at Friars Mill from 9.30am on Wednesday 31 October 2018 and is completely FREE OF CHARGE to attend.
The three-hour long event is perfect for those aged between 18 and 34 who want to start, or have recently started, their own business.
Those in attendance will hear first-hand from young businesses who have experienced the challenges and triumphs of starting a business within Leicestershire, making the leap as a young person to become self-employed.
The Sir Thomas White Loan Charity is delighted to announce that a total of £121,283 has been approved in interest-free business and education loans following the latest round of interviews with applicants.
One of Leicestershire’s oldest charities, The Sir Thomas White Loan Charity provides interest-free loans to people aged between 18 and 35 within Leicester, Leicestershire and Rutland. Prospective borrowers may access up to £20,000 in order to establish or develop a business within the county (provided they live in Leicestershire and the business will also be run in the county), or £10,000 to fund postgraduate study anywhere in or out of the United Kingdom – again, provided the applicant has lived in the county for three years or more.
Of the total approved in September 2018, £81,283 will be used to establish five businesses locally, including a fitness and wellbeing studio, courier service and domiciliary care provider.
Meanwhile, a further £40,000 has been approved in the form of education loans, which will aid postgraduate study in the fields of poetry, international relations theory and finance.
Ahead of The Sir Thomas White Loan Charity’s next round of interviews, which take place in November; applications are being welcomed and can be submitted ahead of the next application deadline, which is Monday 1 October.
For more information on business loans, please visit www.stwcharity.co.uk/business-loans or www.stwcharity.co.uk/education-loans for details on education loans.
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.