The Prince’s Scottish Youth Business Trust (PSYBT)

Highland Opportunity Limited is the agent for PSYBT in the Highland area of Scotland. It offers loans to match the loans provided by PSYBT. In aggregate, such loans are available up to £10,000 at a fixed interest rate of 4% up to 5 years. PSYBT also offers grants up to £1000 in some cases.

PSYBT is intended for young people in the age range 18-25 (30 if disabled) to start or grow their own businesses. They are particularly aimed at those who may be disadvantaged. The loans come with prior business advice, a business management package and a specified level of aftercare counselling.

Applicants should approach HOL in the first instance to discuss requirements. Application forms are available from the PSYBT Regional Manager based in Highland Opportunity's office. Prior to considering a loan application, PSYBT will arrange a visit from a Business Advisor to go over the business plan in detail. Applicants will be required to present their case to a PSYBT Panel.