Since 2012, Start Up Loans worth a quarter of a billion pounds have been agreed with start-up businesses to support them in getting up and running with finance and support.
Funded by government through the British Business Bank, Start Up Loans generate a return on investment to the economy of £3 for every £1 spent. Businesses up and down the country from digital start-ups to recreational centres have benefitted from the government scheme.
Business and Energy Secretary Greg Clark said:
“Whether you live in England, Wales, Scotland or Northern Ireland, and whatever your age, everyone should have the chance to turn a great business idea into a reality.”
“British entrepreneurs and small businesses are the backbone of our economy. This government will build on the success of Start Up Loans to give entrepreneurs the support and opportunities they need to start a business, grow it in Britain and turn it into a global success story.” Read more