British Business Bank

I really welcome new figures showing £500 million has been awarded to small businesses across the country, and I am urging more entrepreneurs in Stroud to apply.

The new figures show that 94 loans have been awarded in Stroud, the Valleys and Vale with firms receiving over £550,000 in support.

Since 2012, the Start Up Loans programme has issued nearly 65,000 loans to entrepreneurs and small businesses across the country, helping them to grow and create well-paying jobs in their local area.

This is part of the Conservatives’ modern Industrial Strategy, entrepreneurs are being supporting to start up and businesses are supported to grow and reach their full potential. We are providing over £13 billion of business rates support over coming years, as well as tackling delays in payments to small businesses to ensure that that they are paid on time.

Now I’m urging more small and start up businesses here to apply for this support, which will help them to boost their productivity and create new jobs.

As I’ve said over and over again that small businesses are the backbone of our economy. Through the modern Industrial Strategy, work to look after our high streets and schemes like the Start Up Loans programme, the Conservatives are determined to support them.

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