YORK’S new Access to Funding Centre has been appointed as a local provider for Virgin Startup Loans.

The centre, launched by Business Support York and North Yorkshire (BSYNY) in November, has been selected to provide business loans from Virgin, which is a partner of the Startup Loan Company, lending more in excess of £57 million to more than 11,000 businesses.

Based at the Eco Business Centre, in Clifton Moor, the Access To Funding Centre was set up to provide loan finance to those thinking of starting a business, and young developing businesses. In addition to the loans, any budding entrepreneur will be provided with mentoring to add value to the proposition once a loan is granted.

Mike Everitt, a business support specialist at BSYNY, said: “With affordable loan finance a particular problem for young entrepreneurs, BSYNY are delighted to have been chosen as the key local provider for Virgin Startup Loans. We see this as a major benefit to support the younger progressive people of York.”