Over £455,000 Delivered in Interest-Free Loans by Charity in 2021

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As we enter 2022, Leicester-based The Sir Thomas White Loan Charity has announced that a total of £455,950 was delivered to people aged 18 to 45 within the county, in the form of the charity’s unique interest-free loans, throughout 2021.

Established in 1542 after a dowry was left to the city of Leicester by Sir Thomas White in 1542, today The Sir Thomas White Loan Charity provides interest-free loans of up to £20,000 to aid business start-up or development within the county, or interest-free loans of up to £10,000 to students wishing to study at postgraduate level to enhance their career prospects.

Running four application windows on a quarterly basis throughout the year, The Sir Thomas White Loan Charity has confirmed that a total of £289,650 was delivered in the form of 22 interest-free loans to start or grow businesses in 2021.

Meanwhile, a further £166,300 was approved in the form of 18 interest-free loans to enable students to return to university and study postgraduate degrees.

David Howard, Chair of Trustees of The Sir Thomas White Loan Charity, said: “As many of us continue to navigate our way beyond the impact that COVID-19 had in 2020, it’s been pleasing for all of us at The Sir Thomas White Charity to have been able to support business ventures in particular as we saw the economy improve throughout 2021. It was also pleasing to see how our interest-free loans were able to allow people who lost their jobs as a result of the pandemic, utilise the opportunity to become self-employed or start their own business.

“The fact is that The Sir Thomas White Loan Charity wants to help even more people. We have a huge sum of money available to provide in the form of our interest-free loans – and the funding is unique to the people of Leicester, Leicestershire and Rutland. Therefore, if anybody is thinking of starting a business, becoming self-employed or growing an existing business in the county, I would encourage them to visit our website and take advantage of this unique funding in 2022.”

For more information, please click here for our interest-free business loans, or here for our interest-free education loans.