Fylde MP backs business start-up schemes

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Mark Menzies MP has welcomed new figures showing the success of the Government’s Start-Up Loans and New Enterprise Allowance schemes in helping provide growth and jobs for Fylde families.

The latest statistics show that Start-Up Loans have already helped 29 people in Fylde set up a business, with £170,000 worth of loans approved locally since the scheme launched in 2012.

In addition, the New Enterprise Allowance has helped a further 70 Fylde residents launch their own company.

Following the release of the new figures, Mr Menzies said: “This Government backs small businesses which bring jobs to our local community, and our long-term economic plan aims to ensure Britain is the best place in the world to start and grow a business.

“These figures show that our Start-Up Loans and New Enterprise Allowance are helping us to do just that, with almost 100 people here in Fylde already supported so that new companies can be launched and new jobs created.

“This backing is giving people the chance to fulfil their ambition to set up their own business. And we will take this further over the next five years with a commitment to increase the number of Start-Up Loans to 75,000, as we work to create jobs and opportunities for families across Britain.”

Across Britain 30,000 people have already benefitted from Start-Up loans scheme – with £155m lent to help new businesses get going. The Government has already committed to increase the number of loans to 75,000.

The New Enterprise Allowance scheme, which was launched in 2011, has seen another 70,000 new businesses set up. The scheme – which is available to jobseekers, and those claiming Income Support or Employment and Support Allowance – gives those with a feasible business idea support from a business mentor to help them develop their plan, and then seed funding if the plan is approved.

Small businesses are an essential part of our communities, bringing jobs and economic security. Encouraging business creation is a vital part of the Government’s long-term economic plan to secure a better future for Britain.

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