Stephen
Metcalfe MP: Start-Up Loans supporting new businesses in South Essex
Local MP Stephen
Metcalfe has today welcomed the latest figures which show the Government’s
Start-Up Loans scheme is thriving in South Basildon & East Thurrock. To
date 19 people with the ideas and determination to start a new business in the
constituency have been lent £81,738 to get their enterprise off the ground.
Across the UK, more than 20,000 Start-Up loans, worth over £100
million, have been awarded to help new businesses get going.
Stephen Metcalfe
commented: “Backing businesses so they can help our country grow is a crucial
part of our long-term economic plan. The more we support budding entrepreneurs
the more our economy can thrive, and the more employment opportunities will
increase.
I’m so pleased to
see this initiative that is helping so many people across the country, also
benefitting people across Basildon and Thurrock.
After struggling
in the aftermath of Labour’s great recession, the Conservative Party is
committed to making Britain the best place in the world to start and grow a
business.
The ‘Funding for
Lending’ programme as an example, is giving banks a clear incentive to lend
more money to businesses, and the Business Bank has so far delivered £1.56
billion of lending and investment to over 30,000 businesses.”
