U.K. Has Loaned 250 Million Pounds to Startups Over Four Years
The U.K. has loaned 250 million pounds ($325 million) to startup companies since 2012, Business and Energy Secretary Greg Clark said.
Every 1 pound spent on loans has generated 3 pounds for the economy, Clark’s department said in an e-mailed statement on Wednesday. The money has been allocated through the Start Up Loans Co., which was set up almost four years ago, offering fixed-interest loans of as much as 25,000 pounds, as well as business support for entrepreneurs. – READ MORE