Start-Up Loans launches its 1000th young entrepreneur

Wednesday February 13th, 2013

Start-Up Loans, the £112m government scheme created to help young people to start their own business, has now supported its 1000th young entrepreneur.

In its first five months of operation Start-Up Loans supported 500 business ventures then in the first five weeks of 2013 it helped launch another 500 companies. Start- Up Loans aims to continue backing over 100 businesses a week.

Available to anyone between the age of 18 and 30, whose business is in England, Start-Up Loans offer finance and free mentoring.

The Prime Minister announced the extension of Start-Up Loans initiative while he was in Lancashire.

David Cameron said: “This clearly demonstrates the ambition and drive people in this country have to create a business and I am pleased that Start-Up Loans are helping more and more entrepreneurs who start small but think big transform their ideas into viable, growing businesses.”


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