£250m in Start Up Loans made available to UK entrepreneurs
Government-funded loans scheme has helped start-up businesses create more than 45,000 jobs since launch in 2012...
The government-backed Start Up Loans scheme has now funded UK entrepreneurs to the tune of £250m – a new milestone – business and energy secretary Greg Clark announced today.
Since its launch in 2012, Start Up Loans has helped thousands of start-up businesses to get their business ideas off the ground and claims to have created more than 45,100 jobs.
See more: Start Up Loans Scheme explained
According to Start Up Loans Company CEO, Tim Sawyer, for every £1 invested in start-up businesses, the scheme has returned £3 to the economy overall.
“Small and medium enterprises drive our economy, and the role start-ups play in this shouldn’t be over-looked. Seeing such a great demand for finance from Britain’s would-be micro-business owners is a great indication of the appetite for growth in this sector.”
Clark added: “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.”
Building a website for your business idea is easier than you might think. Our online tool ranks the top website builders that offer free trials.
Startups.co.uk are supporting The Start Up Loans Company to help start-ups gain access to seed capital. Click here to find out more about how to get started.