Local businesses benefiting from Start-Up Loans

On Friday at Cucina’s on Queen Street I joined an impressive array of new Morley business start-ups. From an innovative new Yorkshire Bridal Shop on Albert Drive to a furniture up-cycling business based out of Tingley, these were locally grown young entrepreneurs who were all taking the plunge and setting up their own businesses.

Those I met had all be supported by Start-Up Loans, a Government funded initiative to provide loans combined with business mentors to get entrepreneurs on their feet. Their businesses were all in their infancy but they were all ambitious for the future and had clear plans for where and how they wanted their businesses to grow.

And that’s the key. If we’re going to get the economy back on its feet and to create the new jobs we need, we need more new businesses and for existing businesses to be able to grow and prosper. That’s why I’ve said I want to cuts to business rates to help small businesses. And it is why, as well as existing initiatives like Start-Up Loans, we also need a properly funded British Investment Bank that can really boost lending for small businesses to grow and create the new jobs we need.

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Posted February 24th, 2015 by Ed