PSYBT is now Youth Business Scotland, part of The Prince's Trust. We are currently reviewing all of our branding and marketing materials – please bear with us as we introduce these changes. United, we are Scotland's leading youth organisation; supporting more young people into jobs, self–employment, training, education and volunteering. You can also visit www.princes-trust.org.uk

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Your Business

Growing your Business

If you received funding from PSYBT to get your business started, you can apply for further funding from us to grow and expand your business.

You will need to meet with us and submit a business plan, similar to the first time you applied to PYSBT for funding. This business plan will detail your future plans for your business. We are happy to help you write this business plan and will provide advice on how to make a successful presentation to the Growth Funding Panel.

What funds are available?

Development Loans of up to £10,000 and Accelerator Loans of up to £25,000 are available to successful applicants:

Development Loans Up to £10,000 to fund modest development and growth
Find out more

Development loans

Description: Development Loans are available to businesses who have previously been supported by PSYBT. Applicants must be able to demonstrate a clear potential for modest growth and the inability to raise either some or all of the money to fund their growth plans elsewhere.
Value loan funding: Up to £10,000
Terms of loan: Repayable over a maximum of 3 years.
Eligibility Criteria:
  • Aged 18 – 29 years old.
  • In business for up to three years and normally trading more than one year. However, in exceptional circumstances businesses that have been trading less than one year may be considered.
  • Growth plans should be able to demonstrate ability to achieve profitable growth of at least 25% in turnover.
  • Increase in full or part time jobs is viewed upon favourably.
  • Repayment record of initial PSYBT funding and aftercare record is an important factor in the process.
  • Must be able to provide up to date financial records and ability to demonstrate current trading position.
  • Loan must not be used to buy premises previously leased by the applicant.
  • Growth Funding cannot be used to rescue a failing business.
Other support: All applicants receive a full package of support whilst applying for Growth Funding. This includes Free confidential information and advice on completing a business plan and securing funding, and when the business has been successful in securing funding, it is awarded a FREE experienced business mentor for a further two years.
How to apply: Contact your local Regional Manager through our Contact Us page or email our Growth Team who will guide you through the next stage.
Accelerator Loans Up to £25,000 to fund major development and high growth
Find out more

Accelerator loans

Description: Accelerator Loans are available to businesses who have previously been supported by PSYBT. Applicants must be able to demonstrate a clear potential for significant development resulting in high growth, and the inability to raise either some or all of the money to fund their growth plans elsewhere.
Value loan funding: Loans of £10,000 to £25,000.
Terms of loan: Repayable over a maximum of 5 years.
Eligibility Criteria:
  • Aged 18 – 31 years old.
  • In business for up to five years and not less than one year old.
  • Growth plans should be able to demonstrate significant profitable growth of at least 50% increase in turnover.
  • Applicants should be committed to embracing the full growth process including mentoring and a Business Evolution Workshop.
  • Increase in full or part time jobs is viewed upon favourably.
  • Repayment record of initial PSYBT funding and aftercare record is an important factor in the process.
  • Must be able to provide up to date financial records and ability to demonstrate current trading position.
Other support: All applicants receive a full package of support whilst applying for Growth Funding. This includes FREE confidential information and advice on completing their business plan. When the business has been successful in securing funding, it is awarded a FREE experienced business mentor for a further two years.
How to apply: Contact your local Regional Manager through our Contact Us page or email our Growth Team who will guide you through the next stage.

What further support will PSYBT provide?

  • A free business mentor for an additional two years after you’ve received funding from PSYBT.
  • Access to events
  • Access to needs-specific training
  • Ongoing support and advice

Exclusive events and Networking Opportunities

PSYBT runs a networking club with evening events specifically for all our Growth Fund supported businesses. It’s a great way to...

  • Make new contacts – essential to any new business.
  • Get advice from experienced speakers
  • Meet other entrepeneurs and share experiences
  • Do some business.

Growth Fund Awards

These prestigious awards recognise and promote the talents and successes of young entrepreneurs who have been helped by PSYBT. Find out who won last year’s awards.