A COUPLE from Bognor Regis have built their dream business thanks a government scheme for new businesses.
Start-Up Loans for Young People is an initiative for anyone aged 18 to 30, looking to launch their own business. The scheme provides expert business mentoring support and access to low cost funding.
Mark Benton, 26, previously worked for a maintenance firm but always had ambitions to start his own business.
When his wife Lucy, 25, was struggling to find a job which allowed her to spend quality time with their son, Ethan, the pair decided there was no better time to set up MB Carpentry & Maintenance.
After hearing about the Start-Up initiative through Twitter, Lucy decided to do some research and make an application.
On receiving the couple’s business plan the Lets Do Business Group (LDBG), the team that administers the scheme in the south east, approved their application and a loan for £2,500.
“The loan we received really has made all the difference in helping us to launch our business,” said Lucy. “We used the money to buy a new van after our old one broke down, so we now have a reliable vehicle for Mark to visit all our customers.”
Graham Marley, chief executive of LDBG said: “It’s hugely rewarding to see new businesses like MB Carpentry & Maintenance establish themselves.”
Lucy said: “The most important thing our mentor taught us during this process is that having financial control of your business is imperative. Something we will never forget.”
For more information visit www.letsdobusinessgroup.co.uk/startup