Virgin StartUp has announced that a new pot of £20 million in Start Ups Loan funding has been made available to support UK founders this financial year.

It marks the biggest annual funding allocation from the British Business Bank for the not-for-profit since it became a national distribution partner in 2013.  

The announcement coincides with a major milestone for Virgin StartUp, which has now distributed more than £100m in Start Ups Loan funding, supporting more than 6,500 UK founders to launch businesses of all shapes and sizes across the UK.