£112m fund open to under 30s

Rockstar Youth is urging Lancashire entrepreneurs aged 18 to 30 to apply for a share in a £112m start-up fund and free business support to start and grow their business.

Rockstar Youth, a subsidiary of Rockstar Group, the UK’s leading private business mentoring organisation, has partnered with the government's Youth Start-Up Programme and is calling for Lancashire based entrepreneurs and young people with a business idea to come forward and apply for a share of the fund and six months of free business support.

The next session for applicants takes place on 23rd February at the University of Central Lancashire, Harrington Building, Adelphi Street, Preston. To apply go to www.Rockstaryouth.co.uk

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Rockstar Youth offers an unsecured loan of up to £10,000 and business mentoring for young people aged between 18 and 30 who have a viable business idea.

Mentoring is delivered by experienced entrepreneurs including Rockstar chairman Oliver Rothschild, internet guru Ian Lancaster and travel/retail mogul Clive Jacobs. Rockstar Youth mentors have scaled and sold their companies for an average of £18million.

David Cameron has called the scheme 'absolutely vital for the future of our country', tackling youth unemployment, facilitating enterprise across the UK and stimulating growth.

As one delivery partner, Rockstar Youth is effectively connecting with young people from all backgrounds with an application process that is uniquely simple; four questions and attendance of an 'incubator' event, where mentors are on hand to discuss your idea before finally submitting the application.

Its 'no rejection policy' means that unsuccessful applications will receive recommendations for changes in order to re-apply and just 14 days after the incubator successful applicants can receive up to a £10,000 capital injection.

Chief executive Jonathan Pfahl, himself a 30 year old entrepreneur, said: “As long as you meet the criteria, then we are ready to work with you. No matter what stage of the business idea, no matter what type of business, Rockstar Youth want to support as many young people as possible in launch, scalability and success. It’s about removing the barriers, simplifying the process and spearheading this movement.” Having already issued over a million pounds in funding and supported young individuals in launching their business, Rockstar expects to have supported over 500 young people by March and is well on the way to achieving that target.