A Strong Voice for Croydon Central - Gavin Barwell MP
Home
News
Help me
Campaigns
Biography
Contact me

Croydon a hotbed of budding entrepreneurs
21/11/2013 12:10:00

 
 

New businesses are the lifeblood of a healthy economy, helping to create jobs and growth.

That’s why this Government believes in supporting hardworking people who aspire to start their own business. Because of the financial crisis we inherited, such people were finding it hard to get a loan, preventing them from realising their dreams.

So we set up the Start Up Loans scheme, providing start-up support to budding entrepreneurs in the form of a repayable loan together with a business mentor.

So far, 10,000 loans, worth £50 million, have been awarded and Croydon has had the second highest number of loans of any local authority in the country (250 loans worth a total of nearly £1.2 million). It’s evidence of how many people we have in our town who have great ideas and only need a bit of help from the Government to set them on their way.

The scheme aims to support 30,000 new businesses by 2015 so if you’ve always thought about starting your own businesses but can’t get a loan from your bank, why not see if you are eligible?

Comment on this blog

 

Readers' Comments

On 22/11/2013 11:23:00 Jim wrote:
And no doubt other "new businesses" are financing this (and the bureaucracy that goes with it) through taxes.

As Ronald Reagan put it:

""The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"

 
On 25/11/2013 13:25:00 Grahame wrote:
From time to time it is desirable for Government to intervene in order to create and/or support the conditions in which business and trade can thrive. Small companies are often innovative and responsive to customer needs and preferences. Many of today's High Street majors started in a small way: eg Marks and Spencer, W H Smith and Boots.

The loans provided by this scheme (not grants as I understand) are a good thing because as businesses grow and create wealth and employment there will be more spending and also more tax receipts from Income Tax, National Insurance and VAT and so on. The administrative costs of the scheme should be more than paid for in due course.

 
 

 

 

 More Blog Posts
09/06/2017
My concession speech after the 2017 General Election
  Read Story
08/06/2017
Today is polling day - and why I hope you'll support me at the polls
  Read Story
07/06/2017
Five reasons to vote Conservative
  Read Story
06/06/2017
Howler at the hustings
  Read Story
23/05/2017
Campaigning suspended
  Read Story
22/05/2017
Funding care for the elderly while making sure people who have worked hard can pass something on to their kids or grandchildren
  Read Story
22/05/2017
Opposing Labour's plans for intensification zones in Shirley and Forestdale and to build on the Green Belt/Metropolitan Open Land
  Read Story
13/05/2017
Labour’s misleading leaflet on school funding
  Read Story
12/05/2017
Fox hunting
  Read Story
03/05/2017
Labour to hit families living in a typical Croydon semi with inheritance tax bill
  Read Story

Full list of blog posts here

     
Gavin Barwell, 133 Wickham Road, CR0 8TE, Tel  020 8663 8741      © Gavin Barwell  2017       Promoted by Ian Parker on behalf of Gavin Barwell, both at 36 Brighton Road, Purley, CR8 2LG