start-up loans help north wales entrepreneurs

Start a business.

New figures reveal over 70 businesses were established in North Wales in the last financial year with help from the Start Up Loans Company.

The UK government-backed scheme – run on behalf of the Department of Business, Innovation and Skills – helps viable start-ups and early-stage businesses get access to finance and support.

The scheme’s internal data shows that 77 new North Wales businesses were set up with its help during the 2015-16 financial year.

Interestingly, over half were founded by residents aged between 31 and 49. And nearly 20% of the new business owners were previously unemployed.

Tim Sawyer, CEO at the Start Up Loans Company, said: “Small businesses can have a significant impact on the local economy and community. That’s why funding new start ups is so essential.

“Since launching, our funding and comprehensive package of free business support has helped to create jobs and launch many great business ideas.

“In Wales alone, we have already helped 110 new businesses since the new financial year started in April.

“While it’s very exciting to see so many new businesses being established and growing in Wales, we want to increase this number and help even more individuals to realise their business ambitions.”

You can learn more about services provided by the Start Up Loans Company on its website.

Or follow @startuploansuk on Twitter.

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