Regus invests £20m in young entrepreneurs

Selected start-ups will receive six months free use of Regus virtual offices, an address in a recognised business location, mail handling, call answering and discounts on all of its other products and services.

"We believe businesses should be investing in the next generation of British entrepreneurs and the future of British business," says Steve Purdy, managing director of Regus UK. "Rather than moaning from the sidelines about what more the government should do to stimulate growth, we believe it's time business offered some meaningful support - we hope others will follow suit."

The investment from Regus, worth £20m, complements the government's £82.5m StartUp Loans programme that provides mentoring support and about £2,500 to selected young people looking to start their own business.

"Enterprise is vital to our country's future and I welcome the excellent news that Regus are getting behind our young entrepreneurs and helping them get their businesses and ideas off the ground," says Prime Minister David Cameron. "Regus' support for Startup Loans is a fantastic example of an established and successful company reaching out to help nurture the next generation of British businesses."

StartUp Loans were designed by the government for young people aged 18 to 24 who are interested in starting a business, but lack access to finance. During the 2012/13 pilot scheme £10m is being made available and in 2013/14 another £32.5m offered.

Regus is the world's largest provider of flexible workspace. They have 1,200 business centres worldwide, including over 160 in the UK.

For more information on Regus, click here and for more on StartUp Loans, click here.

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