In 2008 TWF invested £244,000 over three years, to support PSYBT build their capacity. The investment allowed PSYBT to develop a client based extranet facility; an interactive business directory containing all PSYBT supported businesses, and access ongoing ICT support to manage the new technology.
The Prince’s Scottish Youth Business Trust (PSYBT) is Scotland’s leading charity in providing essential finance and professional support to 18-25 year olds in Scotland, from all walks of life, who wish to run their own business. PSYBT provides advice, finance, aftercare support, and networking opportunities to young entrepreneurs embarking upon business start up. Those enterprises who have previously been supported by the Trust can also access PSYBT support to develop and expand their current businesses.
Following The Wood Foundation investment, PSYBT now have a highly sophisticated ICT package which has transformed how they engage with over 6,000 supported businesses and volunteer business mentors.