The Harry James Riddleston Charity of Leicester

Interest free loans are available for young people aged 21 to 34 who live in Leicestershire or Rutland. They may borrow up to £10,000 interest free for between 5 and 10 years to start or expand their own business, or for vocational or educational purposes.

Please note: this charity only provides interest-free loans. It does not provide grants.

 

Last updated on 13 August 2019

Who is eligible?

To be eligible for consideration for a loan you must be over 21 and under 35. Applicants must reside in Leicestershire or Rutland, and conduct their business there, and must be able to demonstrate that the business has the potential to succeed. Applicants must also have a real need for the loan.

How to apply?

If you are interested in applying for a loan, or if you require further information, telephone us on 01858 463322 or go to the Contact Us page on the Harry James Riddleston Charity of Leicester website to obtain an application pack. You will need two guarantors for a loan of up to £6,000 and three guarantors for a loan of between £6,001 and £10,000.

Once completed, return the application form together with the documents requested and your Business Plan, if appropriate.

Providing you are eligible, you will be asked to attend an interview with a small panel of Trustees to discuss your application. These normally take place in February, May, August and November. Your application will then be considered by a meeting of the Trustees.

If successful, you will sign a Loan Agreement and your Guarantors will sign a Guarantee.

The loan becomes repayable in full within the term granted with no interest charged.

Contact details

44 High Street
Market Harborough
Leicestershire
LE16 8ST
Telephone: 01858 463322
Web: https://www.harryriddleston.org.uk/

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