Lichfield’s MP has urged budding entrepreneurs in Lichfield and Burntwood to take advantage of a new scheme to help create new businesses.
A £30million fund has been created by the Government to boost employment.
The Start-Up Loans Company project will see people up to the age of 30 able to get a helping hand on the business ladder.
“I would encourage any budding entrepreneur in Lichfield or the West Midlands to apply for a Start Up loan to get their business ideas moving,” said Michael Fabricant MP.
“This extra funding will make a huge difference to the hundreds of young people in the West Midlands who have always aspired to own their own business, helping new companies get started and bringing jobs and growth to our economy.
“The Government is increasing loans to small companies, investing in innovation and cutting corporation tax to make sure Britain can build the best businesses and compete in the global race. And if any local companies are experiencing difficulties obtaining loans through this scheme, they should contact me.”
James Caan, chair of the Start-Up Loans Company added: “There has been a major shift in the way business is viewed by the public, and entrepreneurs are now seen as creative and exciting role models.
“I am delighted to see that more and more young people are now looking to set up their own business. It is only with this renewed focus on youth entrepreneurship, that we will create more jobs and wealth and see the economy flourish once again.
“Start-Up Loans enable young people to harness their skills, and gives each budding entrepreneur not just a low interest loan, but also the help and support from an experienced mentor to guide them to success. I am proud to chair the Start-Up Loans Company, responsible for delivering this excellent initiative.”