(PRWEB UK) 30 July 2014
Created by The Department for Business, Innovation, and Skills, the Start Up Loans company is a government funded initiative aimed at securing a robust SME sector for the future. Offering a complete business support package, from finance to business mentoring, the Start Up Loans Company has funded and guided over 19,000 new businesses since its inception two years ago. Approximately 40 new businesses are started a day through the scheme.
Start Up Loans adopts a holistic approach with its clients. The scheme not only offers financial support to budding entrepreneurs, but provides them with post loan support to ensure their business is in the best possible position to succeed.
Vital business support is delivered through Corporate Partners of the scheme who offer business benefits to members. BrightPay is one of the Start Up Loan Company corporate partners, exclusively offering free payroll software and support for two years to members.
Another key offering of the scheme is that every loan recipient is offered a business mentor to support them through the first challenging year of getting their business off the ground.
Paul Byrne, MD of Thesaurus Software, stated “We are delighted to be part of the Start Up Loans ecosystem, and to be helping so many new businesses. We still remember starting in business over 20 years ago, so we are very excited to offer this support to new employers.”
He further added: “BrightPay will continue to evolve to meet the future payroll IT challenges of these start-ups. Besides being HMRC recognised and RTI compliant, it is already Auto Enrolment ready, and this is one particular challenge that all employers will face by 2018, irrespective of size.”