The UK’s Start Up Loans Scheme has introduced new changes from April 2026, widening access to funding for early-stage businesses. 

Businesses can now apply for a Start Up Loan if they have been trading for up to five years, extended from the previous three-year limit. This reflects the reality that many businesses seek funding beyond the initial start-up phase, particularly when stabilising cash flow or preparing to scale.

The scheme continues to offer government-backed loans of up to £25,000 per individual, alongside mentoring and business support. The fixed interest rate for new applications has increased to 7.5%, providing greater certainty for businesses planning repayments over time. 

For small businesses across Greater Manchester, the expanded eligibility opens up new opportunities to access finance at a stage where traditional lending may still be difficult. It can support investment in operations, team growth or new market activity.

Our Access to Finance team works with businesses at different stages to explore funding options and build investment readiness. If you are considering finance and want to understand the support available, you can speak with our team to find the most suitable route for your business.