Start Up Loans passes £90M funding milestone in south east England
Start Up Loans, part of the British Business Bank, has announces that the programme has delivered over 9,000 loans worth £90 million to start ups in the South East of England.
The figures point to the spirit of entrepreneurship in the region, with the average loan being just over £10,000.
The Start Up Loans programme was established in 2012 to reduce regional imbalances by helping people – wherever they are in the UK and whatever their background – to achieve their ambitions of starting their own business.
Rchard Bearman, Managing Director of Start-Up Loans, said: “Start Up Loans was established to help people across the UK achieve their ambition of becoming their own boss and I am very proud to say that since its inception, Start Up Loans has now delivered more than 9,000 loans worth over £90 million to businesses in the South East alone.
“The experiences of our Start Up Loans business owners suggests that no matter where you are from, one of the keys to starting a business is having the encouragement and support to do so.”