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08 Feb, 2017

Professional and Career Development Loans are designed to help people change direction or increase their skills by providing a deferred repayment loan

Professional and Career Development Loans

Designed to help people change direction or increase their skills by providing a deferred repayment loan of between £300 and £10,000 to cover up to 80% of tuition fees for a vocational course of up to two years, plus a further year’s work experience if appropriate. Courses can be full-time or part-time, or involve open or distance learning, and people who have been out of work for three months can apply to have all their course fees covered.

The low-interest loan is arranged through one of four high-street banks, and certain conditions and criteria apply. Find out which banks offer the loan and order an application pack by calling the National Careers Service on 0800 100 900.

Start Up Loans

Government-funded scheme providing advice, loans and mentoring to start-up businesses. It offers the opportunity to borrow up to £25,000 at 6% pa (fixed). See www.startuploans.co.uk

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