Loan scheme helps 50,000 businesses

Posted on 18 May 2016
Share Blog Post

 Loan scheme helps 50,000 business

The government’s Start Up Loans scheme has helped 50,000 people to get a business off the ground over the past five years, official figures show. The initiative, which offers loans of up to £25,000 and a year"s free guidance provided to those setting up companies, has provided £345m of low-interest finance since it was established in 2012. However, the government expects overall losses from the scheme to be about 40%. Margot James, the small business minister, said that the scheme, was "removing barriers to finance".

Source: The Times (13/09)

View more blog posts

NIC hammer blow
Posted on 23 Jun 2025
NIC hammer blow
read more
Youth mobility scheme
Posted on 21 May 2025
Youth mobility scheme
read more
Businesses unaware of MTD
Posted on 14 May 2025
Businesses unaware of MTD
read more
Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Back To Top
01604 660661