Start Up Loans, part of the British Business Bank, has announced that its programme has facilitated over 500 loans worth more than £4.5m million to businesses in Wirral.
In the North West, 12,382 loans were delivered, making up 12% of the national picture and worth £113m.
Of the North West’s total loans, 39% have been to women and 9% to people from Black, Asian and Other Ethnic Minority backgrounds (not including White Minorities). Young people between 18-24 years old have received 15% of loans since 2012.
Dr Sophie Dale-Black, UK Network Director for the North of England at the British Business Bank said, “At the British Business Bank, we remain committed to addressing regional imbalances in access to finance.
“The success of the Start Up Loans programme across the North is testament to the strength of the businesses across the region. In the North West, we’re proud to have supported a range of businesses, including those in the Wirral, and look forward to watching them grow in their entrepreneurial journeys.”
Richard Bearman, Managing Director, Start Up Loans said, “Start Up Loans supports people across the UK who are looking to start their own businesses, and passing our one hundred thousand loan milestone is an amazing achievement that has been ten years in the making.
“We could not have achieved this without the dedicated support of our UK Network of delivery partners, and in-house team and I’d like to take this chance to thank them for everything they do to make our work possible.”
This announcement follows the recent news that Start Up Loans has become an official partner of the StartUp Award Series 2023, as well as the launch of the British Business Bank’s Guide to Business Resilience https://www.startuploans.co.uk/business-advice/start-up-loans-guide-to-business-resilience/ , a guide created in response to the economic challenges faced by small businesses in 2023. Covering eight key topics for business success, the guide provides practical and actionable guidance for start-ups on what they can do to reduce costs, boost profitability, and increase the resilience of your business, whatever the future holds.