Pendle MP Andrew Stephenson has welcomed new figures that show the Government’s Start-Up Loans Scheme has helped 40 people in Pendle set up their own business – helping to provide growth and jobs for hardworking families across Britain.
The Start-Up Loans scheme provides loans and mentoring support to people who want to start their own businesses. Across the country, 25,000 Start-Up Loans have now been awarded, worth a total of nearly £130 million and generating more than 32,000 new jobs.
Mr Stephenson said: “The Conservatives back the small businesses which bring jobs to our local communities, and our long-term plan is aiming to make Britain the best place in the world to start and grow a business.
“These figures show that Start-Up Loans are helping us to do that - here in Pendle, £169,145 has been lent to 40 people.
“This is helping more businesses create more jobs - and crucially, it means that potential and ideas don’t go to waste.
“If the Conservatives win the election, we will go even further – tripling 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.
“New businesses are the lifeblood of a healthy local economy, helping to create the growth and jobs that provide security and peace of mind for hardworking taxpayers.
“That’s why as part of our long-term economic plan we will keep supporting hardworking people who aspire to start their own businesses.”