Stephen Metcalfe, local MP
for South Basildon and East Thurrock, has welcomed new figures that show the
Government’s Start-Up Loans Scheme has helped 681 entrepreneurs in the South
East set up their own business. Across the country 10,000 Start-Up Loans have
now been awarded, worth a total of £50 million.
In South Basildon and
Thurrock, over 30 loans have been approved to the combined value of £192,109
Mr Metcalfe commented:
“Because of the financial crisis we inherited, people who want to set up a new
business have often found it hard to get a loan. This has prevented people with
ideas and aspiration from putting their business plans into action.”
“These recent figures show
that Start-Up Loans are changing that - here in the South East £4,368,291 has
been lent to 681 budding entrepreneurs. This will ensure that all their
potential and ideas don’t go to waste.”
“New businesses are the
lifeblood of a healthy economy, helping to create jobs and growth. That’s why
we will keep supporting hardworking people who aspire to start their own
businesses.”
