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| Region/Nation | Fareham, South East |
|---|---|
| Business Name | Nuoceans |
| Owner | Terence Chung |
| Partner | GC Business Finance |
| Social Media |
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| Website | nuoceans.co.uk |
Terence Chung is the 30-year-old founder of Nuoceans, which makes sustainable, upcycled footwear out of discarded flip flops.
Nuoceans was founded in 2022 by Terence and two friends from university, who were on a mission to create a business that would have a tangible impact on ecology and conservation. Their products use flip flops collected from beaches and oceans across the globe, turning them into the next generation of beach footwear.
The business’ first loan was for £5,000 in 2023 with support from GC Business Finance. Terence used the money to fund the creation and production of the first line of sandals, which soon sold out. Terence received another £5,000 loan in 2025, to pay for the next round of Nuoceans stock.
Impact of the Start Up Loan
£10,000
loan to fund the creation and production of the first line of sandals, which soon sold out. Terence received another loan in 2025, to pay for the next round of NuOceans stock.
GC Business Finance
is an official Business Support Partner for the British Business Bank’s Start Up Loan programme. GC Business Finance operates within a network of business support partners, delivering Start Up Loans in the range of £500 to £25,000 across the whole of the UK.
I have had a passion for biology and ecology for as long as I can remember. I pursued biology as a degree, and while studying was learning more and more about the most prominent challenges in ecology and sustainability. I wanted to build on the foundational knowledge I had, and create a business that would have a tangible, visible impact on the environment. Ocean waste is something the whole planet is trying to tackle, so we focused Nuoceans on that.
We wouldn’t be where we are today without the money from the Start Up Loans programme. I was able to secure funding without a trading history, which isn’t possible with other providers, and the interest rate was very appealing. We’ve now received a second Start Up Loan to build on the success we’ve had since selling out of our first stock round.
- Terence Chung Founder of Nuoceans
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