European Social Fund		PRIME Loan Fund
Location	National
Dates	Deadline for applications: Ongoing
Aims	Objective of the funding opportunity: PRIME is a national organisation dedicated to helping people over 50 to set up businesses. They aim to encourage those over 50 to: - Consider the possibility of self employment or starting a business - Find a local organisation that can give them free business help and advice - Apply for a loan if they cannot borrow money anywhere else All loan applicants must join a mentoring scheme either on their own or in a group.
	It aims to help the following client groups:
	Older workers Unemployed	Entrepreneurs
FRESA priorities	The funding opportunity fits with the following FRESA priorities:
	High priorities: Under exploited sources of labour	Medium priorities: Aging workforce Enterprise Increasing employment rates
	More information on the FRESA The following labour market factsheets contain evidence to support bids for this funding:
Eligibility	Eligible Individuals: Those over the age of 50.
Accreditation	The following accreditation is required to bid: No accreditation is needed
Amount available	Funding available: PRIME can lend up to £5,000 to eligible individuals or up to £10,000 to any one business run by two or more eligible individuals
Previous bids	For examples of successful bids see PRIME success stories
Application	How to apply for this funding: Make an appointment with an advisor or contact PRIME (below). For details of your nearest Prime partner see PRIME Partner Locations. You will need the following documents to apply : PRIME Loan Leaflet
Contact	For further information contact:
	PRIME Astral House 1268 London Road London SW16 4ER Telephone: 0208 765 7851 Fax: 0208 765 7879 PRIME Helpline: 0800 783 1904 Email: info@primeinitiative.org.uk
Weblinks	Other useful websites: www.primeinitiative.org.uk