I was very pleased to read the figures for the Government’s Start-Up Loans Scheme in North-East Hertfordshire. This programme has helped 26 people in North-East Hertfordshire set up their own business – helping to provide growth and jobs for hardworking families across the county. Across the country, 25,000 Start-Up Loans, worth nearly £130 million, have now been awarded, and more than 32,000 new jobs have been generated as a result of the scheme since it was launched in 2012.
Businesses are an essential part of building our communities, as they bring jobs and economic security to towns and cities across the UK. Encouraging business creators is a vital part of the Government’s long-term economic plan to secure a better future for Britain, and we want to make the UK the best place in the world to start and grow a business.
Today’s figures show that Start-Up Loans are helping us to do just that. In North-East Hertfordshire, £81,571 has been lent as part of the Scheme. If a Conservative Government is elected in May, it will triple the number of people who will get Start-Up Loans to 75,000 by 2020, so even more people have the support they need to grow their businesses and create jobs.