Start-up scheme gives firms a boost

Ministerial Visit to Brunswick Tooling, Brighouse by Phillip Hammond, June 2014.
Ministerial Visit to Brunswick Tooling, Brighouse by Phillip Hammond, June 2014.

Calder Valley businesses have received a boost thanks to funding from a Government scheme.

Latest figures have shown that businesses in the area have been awarded £196,816 through the Government’s Start-up Loans Scheme.

Start-up Loans is a £310 million Government-funded initiative that provides start-up support in the form of a repayable loan together with a business mentor for entrepreneurs.

The scheme supports people with a commercially viable business idea but with no access to finance. It provides pre-finance advice, business loans and mentoring support.

A total of 21,470 businesses have been supported across the UK, with more than £113 million being lent so far.

In the Calder Valley, 42 businesses have benefited from the scheme with £196,816 lent.

Calder Valley MP Craig Whittaker said: ‘The number of new businesses here in the Calder Valley continues to grow as our local economy goes from strength to strength.

“The Start-up Loans Scheme is a great way for prospective entrepreneurs to get their business ideas off the ground and can give potential businesses the best chance of success.

“I would encourage local people who are considering starting a business to apply to the fund.”

For more information about the scheme, visit www.startuploans.co.uk.