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Government backs entrepreneurs across the UK with £600 million of Start Up Loans outside London | |
admin | |
2021-09-14 | |
发布年 | 2021 |
语种 | 英语 |
国家 | 英国 |
领域 | 气候变化 ; 资源环境 |
正文(英文) |
Press release
Government backs entrepreneurs across the UK with £600 million of Start Up Loans outside LondonMilestone for government-backed loans provided to businesses outside capital, helping them to create jobs, expand and level up. ![]()
The government’s Start Up Loans scheme has provided £600 million in loans to businesses outside London, delivering extensive support for entrepreneurship across the UK’s home nations and regions. Loans have gone to a huge range of companies, including businesses making vegan bags in Yorkshire, bespoke wooden furniture in Northern Ireland and rum cakes in the Lake District. Businesses and entrepreneurs in the North West of England received the most loans outside London, totalling over £94 million, with those in the South East receiving over £81 million, followed by Yorkshire & The Humber with over £68 million. Aspiring business owners receive up to £25,000 through the Start Up Loans scheme, run by the British Business Bank, delivering support that they may have otherwise struggled to get through a commercial bank loan. The scheme also provides mentoring to those starting their business venture, and offers extensive support to women entrepreneurs, entrepreneurs from ethnic minority backgrounds and the previously unemployed. These figures reflect the UK’s wide-ranging and diverse entrepreneurial spirit and highlight the success of the programme in providing support to business owners of all backgrounds, regardless of where in the country they are based or what sector they’re in, as the government levels up opportunity across the UK. Small Business Minister Paul Scully said:
The latest figures show 40% of Start Up Loans have gone to women business leaders, 20% to people from an ethnic minority background and around 35% to those who had previously been unemployed. Recipient of the 600 millionth poundThe recipient of the 600 millionth pound from the Start Up Loans programme was Will Smith, from Comber in County Down in Northern Ireland. He took out a loan of £6,000 in January 2020 to launch Woodwork by Will – a bespoke wooden furniture company. He used the money to invest in essential machinery and a table saw. Prior to receiving the loan, he was using a friend’s machinery for some of the bigger jobs. Now that he has his own machinery, a job that would have taken 3 days can be completed in just half a day, enabling him to produce more high-quality artisan products. Will Smith, Founder of Woodwork by Will said:
Richard Bearman, Managing Director of Start Up Loans, said:
Notes to editors
Published 14 September 2021
|
URL | 查看原文 |
来源平台 | Department for Business, Energy & Industrial Strategy |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/336897 |
专题 | 气候变化 资源环境科学 |
推荐引用方式 GB/T 7714 | admin. Government backs entrepreneurs across the UK with £600 million of Start Up Loans outside London. 2021. |
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