A new Start-up loan scheme

The government has announced the expansion of our Start Up Loan scheme, providing over 30,000 new loans for small businesses – helping new businesses to thrive, growing the economy and raising living standards.

  • To deliver on our mission of growing the economy to boost wages, fund our public services and create better jobs, we must support new businesses to thrive. 
  • That is why we have expanded our Start Up Loans programme, making 33,000 more loans of up to £25,000 available to businesses that have been trading for up to three years, up from two years, with new ‘second loans’ available for businesses that have been trading for up to five years.
  • This funding provides much-needed support for our entrepreneurs and business owners through this challenging period and unlocks businesses’ potential to play a vital role in growing our economy

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