British Business Bank
Start Up Loans, part of the British Business Bank
The primary aim of the Start Up Loans programme is to ensure that viable start-ups and early-stage businesses have access to the finance and support they need to thrive. We have a network of Delivery Partner organisations to support applicants in all regions and industries throughout the UK.
You can find free guides on a range of subjects related to starting a business on the Start Up Loans website: https://www.startuploans.co.uk/free-start-up-guides/.
Start Up Loans - impact
- Since 2012, the Start Up Loans programme has delivered more than 89,000 loans, providing more than £800m of funding.
- In the financial year 2020/21, the programme provided 11,408 loans with a total value of approximately £137.2m.
- Since 2012, 30% of loans went to people formerly unemployed or economically inactive. 40% went to women and 20% of our loan recipients are went to Asian people, Black people, or people from other ethnic minorities (excluding White minorities)
- The economic benefits of the Start Up Loans programme are almost six (5.7) times its economic costs.
- At Spending Review 2021, the Chancellor announced resources to provide 33,000 Start Up Loans over next three years.
The Start-Up Loans Company, part of the British Business Bank, was formed in June 2012. The Start Up Loans programme provides personal loans for business purposes of up to £25,000 at a 6% fixed interest rate per annum and offers free dedicated mentoring for 12 months and support to each business.
For further information about Start Up Loans, please visit: https://www.startuploans.co.uk/