Discuss Prince's Trust 18-25yr old in the Electricians Chat - Off Topic Chat area at ElectriciansForums.net

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axel132132

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So i had my meeting today with the Prince's trust to see what they can offer and feel i should share it with everyone so other people can do the same.

The scheme is for people aged 18-25 and wanting to start up a new business or go self-employed.

What they can offer is a loan of upto £4000 the way this works is once you have done a 4 day course which teaches you how to do all your own books, how to manage a business and employ people etc etc you then get a loan.

This isnt just a normal loan that you get from a bank, this is a low interest 3% loan, you pay this back like this

1st two months you pay Nothing back
next 6 months you pay £20 / month back

so in 8 Months you will have only paid back £120

You then pay £33 per month / £1000 you borrow so say you borrowed £2000 you pay back at £66 / month with interest of 3%

You will also recieve a grant of £500 so borrow £2000 and you actually recieve £2500 for the same payment as £2000 if that makes sence

I will be getting one to buy a Test meter, NICEIC, leaflets + sign writing van.

Just thought id share that with you all.


Also i had a meeting with Job Seekers, and they are offering to pay for my 2391 exam, and maybe NICEIC so its worth asking

Cheers All

Dave
 
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