Gavin Williamson, MP for South Staffordshire, has welcomed new figures that show the Government’s Start-Up Loans Scheme has helped 546 entrepreneurs in the West Midlands set up their own business.
Across the country 10,000 Start-Up Loans have now been awarded, worth a total of £50 million.
Gavin said: “Because of the financial crisis we inherited, people who want to set up a new business have often found it hard to get a loan. This has prevented people with ideas and aspiration from putting their business plans into action.
“Today’s figures show that Start-Up Loans are changing that - here in the West Midlands, £3,056,026 has been lent to 546 budding entrepreneurs. This will ensure that all their potential and ideas don’t go to waste.
“New businesses are the lifeblood of a healthy economy, helping to create jobs and growth. That’s why we will keep supporting hardworking people who aspire to start their own businesses.”