the prince’s scottish youth business trust martin ferry
TRANSCRIPT
The Prince’s Scottish Youth Business Trust (PSYBT)
is a charity and was launched in 1989.
The role of PSYBT is to provide essential finance
and professional support to 18-25 year olds in
Scotland, whoever they are and wherever they
come from, so that they can set up and run
their own businesses.
www.psybt.org.uk
Achievements to date in Scotland
• 11,400 young people.
• 10,800 businesses
• £36 million invested
• Estimated annual economic impact - £22million and 500 additional jobs
• Almost 800 volunteers across Scotland.
www.psybt.org.uk
How PSYBT help
• Provide loans of up to £5,000 and in some cases grants of up to £1,000.
• Provide funding to support growing businesses.
• Every business we support is given it’s own mentor for a minimum of two years.
www.psybt.org.uk
A little goes a long way…Glass by Kathryn
Kathryn used a Test Marketing Grant of £250 to develop a portfolio, take her products to a wider audience and produce leaflets and business cards to promote her business.
The grant allowed Kathryn to research her market and ensure the business had a future before starting the business full-time.
www.psybt.org.uk
Paul’s Quality Butchers
Paul thought buying the butcher’s shop he trained in as an apprentice was just a dream.
Securing funding had been almost impossible until he approached PSYBT.
He now owns 3 shops including a meat processing unit and a bakery. He employs 30 people.
www.psybt.org.uk
David Hughes - Volunteer
David Hughes has been mentoring Michael McCandlish of Premier Wash for 4 years.
Throughout this time Michael has faced many challenges with his business and David has been there to provide advice, support and act as a sounding board.
www.psybt.org.uk