The Sir Thomas White Loan Charity is delighted to announce that a total of £128,500 has been approved in interest-free loans at the end of the charity’s third quarter of 2019.
One of the city’s oldest charities, having been established in 1542, The Sir Thomas White Loan Charity offers loans of up to £20,000, which are completely interest-free, to give start-ups or developing businesses a much-needed helping-hand.
In addition, students embarking on post-graduate study can apply for up to £10,000 on the same terms.
For many business owners, their venture is more than a job. It’s a manifestation of enthusiasm and passion, and the result of hard work, commitment and desire. That’s certainly the case for Sir Thomas White Loan Charity business loan borrower, Emma-Mae Parry.
Emma will be a familiar face to those that enjoy a stroll through the independent shops on Queens Road in Leicester’s Clarendon Park. Emma owns The Bloom Project, a florist with a difference. It’s a gorgeous shop set in the perfect location. However, as Emma explains, it’s something that has been many years in the making.
In the latest edition of our exclusive blogs with Sir Thomas White Loan Charity trustees, Anne Whitlock provides insight into the charity’s Scholarship Programme Grants, which provide talented students with the opportunity to study at independent schools in a bid to enable them to reach their full potential…
The Sir Thomas White Loan Charity may have been around for hundreds of years, but that doesn’t stop it moving with the times and providing new opportunities to young people across Leicestershire.
So, when Hugh Stevenson – at the time Chair of Trustees at the Charity, saw an article about an organisation that offered grants to independent schools for promising students, he had a ‘light bulb’ moment. Why couldn’t the charity give money to exceptional students within schools in Leicestershire, so that they could study in the sixth form of an independent school within the county; thus giving them the greatest chance of fulfilling their potential?
Fast-forward five years and The Sir Thomas White Loan Charity has now given grants totalling £228,859 to eight pupils; all of whom, without exception, have described the opportunity as “life changing”.
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.
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.