Start-up loans for young entrepreneurs

 
28 May 2012

Young entrepreneurs will get access to around £80 million-worth of loans to get new businesses off the ground, David Cameron has announced.

The Prime Minister said he hopes the initiative could lead to 30,000 more start-ups and unleash a "new wave" of enterprise to support much-needed economic growth.

Announcing an £82.5 million StartUp Loan scheme for 18 to 24-year-olds, Mr Cameron said he wanted young people to have the confidence and support to turn "that spark of an idea into the next global brand".

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