Government delivers over one billion pounds of support to over 100,000 small firms
Over one billion pounds has been delivered to scale up small businesses through the government backed Start Up Loan scheme offering access to finance and expert advice.
Launched in 2012, the scheme allows small businesses to develop and reach their potential, delivering economic growth and boosting local communities.
The scheme has been particularly successful supporting entrepreneurs from diverse backgrounds, creating a level playing field for all who wish to run their own small business in the UK.
Additionally, the scheme has successfully championed young entrepreneurship, with 18-24 years old having received £106 million (11%) of loans since the programme began.
Start Up Loans have been issued to businesses in every UK parliamentary constituency, ensuring that businesses across the UK are able to scale up and grow.
To find out more about Start-up Loan and how to apply, visit: https://www.gov.uk/apply-start-up-loan