Sarah Watkinson-Yull of Yull Shoes
The national youth charity, The Prince’s Trust, has partnered with The Samuel Wilson’s Loans Trust in order to launch a pilot programme providing young entrepreneurs with access to low interest business growth loans and a business mentor.
One young entrepreneur, Sarah Watkinson-Yull, 28 from Battersea, has benefited from the new financial boost for her accessories business.
After taking part in The Prince’s Trust Enterprise programme and launching her business, Yull Shoes in 2011, Sarah heard about the opportunity to apply for additional finance to support her business ambitions.
She said: “The Enterprise programme was incredibly valuable in helping me to launch my business and connecting me with other like-minded people launching their own businesses, giving me a strong support network in the city.
“My business, Yull Shoes, is a footwear design and manufacturing business, and I make all my products in London. Business had been going well, but I needed to access additional finance for sample designs, and to secure international suppliers. So when I heard about the opportunity to apply for additional funding, I knew I had to jump at the chance.
“Now I’ve successfully secured a business growth loan from The Samuel Wilson’s Loans Trust, I have new sample shoe designs available, a new collection of designs and I’ve built relationships with agents in Belgium, France, and Ireland. I hope to grow my distribution network further, and reach German and US retailers, with my UK made products.
“I can honestly say I think I would have given up launching my business if it wasn’t for support from The Prince’s Trust. Having The Trust support me every step of the way and pushing me out of my comfort zone has been so valuable. I would say to anyone with a business idea that The Trust is a great place to start.”
A spokesperson from The Samuel Wilson’s Loan Trust, which is run by the City of London Corporation, said: “We are delighted to hear about the exciting developments with Sarah’s business, following her successful application for a business growth loan from Samuel Wilson’s Loan Trust.
“Being able to support ambitious and creative young entrepreneurs in London, like Sarah, is exactly why we have partnered with The Prince’s Trust to provide low interest business growth loans. We look forward to working with more creative and innovative businesses in the months to come, supporting sustainable business growth and young entrepreneurs.”
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