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.
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, based at Friars Mill (pictured) in Leicester, has adjusted a number of its terms and conditions so as to make it easier for applicants to obtain one of the Charity’s interest-free business and education loans – in some cases approving selected applicants unable to meet the guarantor requirements in full.
In addition, applicants may borrow an improved sum in order to support business start-up or development, or post-graduate study.
One of the county’s oldest charities, named after one of Leicester’s most generous benefactors, Sir Thomas White – who features on the city’s iconic clock tower, The Sir Thomas White Loan Charity provides loans to people aged between 18 and 35 to establish new businesses within Leicestershire and Rutland, in addition to smaller sums to support the cost of continuing studies for a post-graduate qualification.
Business loan applicants may now borrow up to £20,000 to assist with either a start-up project or to take a developing business to the next level. This move is a £5,000 increase on the total sum a business loan applicant could previously apply for.
Alongside this, the Charity has increased the total sum an education borrower may take out as an interest-free loan, with the new £10,000 figure a £4,000 increase on the previous maximum of £6,000.