50K loan from government department?

[zelena17]

Hi,

One of the options for Entrepreneur Visa with 50,000 investment is as follows: "A UK government department making funds available for the purpose of setting up or expanding a UK business"

So my question is.... can this be a 50K loan from a government department? Or does it have to be funds that do not have to be returned?

Thanks!

[zimba]

From the official guide:

UK Government Departments or Devolved Government Departments in Scotland, Wales and Northern Ireland, and made available by the Department (s) for the specific purpose of establishing or expanding a UK business:
Where a UK Government Department or Devolved Government Department or intermediary public body has awarded some of the funds specifically for the purpose of setting up or expanding a business in the UK, the funding package can be considered for the award of points.

You also need a letter from that department clearly allowing this.