Lending to small businesses outside London via the government-backed Start Up Loans scheme has now passed the £600m mark. The scheme provides aspiring business owners who might struggle to obtain finance through a commercial bank with loans worth up to £25,000. The recipient of the 600 millionth pound was Will Smith from Northern Ireland, who used the money to launch a bespoke wooden furniture company.
Lending to small businesses outside London via the government-backed Start Up Loans scheme has now passed the £600m mark. The scheme provides aspiring business owners who might struggle to obtain finance through a commercial bank with loans worth up to £25,000. The recipient of the 600 millionth pound was Will Smith from Northern Ireland, who used the money to launch a bespoke wooden furniture company.