Start Up Loans: Getting The Economy Back Up And Running?

START-UP LOANS: GETTING THE ECONOMY BACK UP AND RUNNING? THE IMPORTANCE OF SMES IN THE UK ECONOMY SME'S ARE THE LIFEBLOOD OF THE UK ECONOMY, AT THE START OF 2012 THERE WERE AN ESTIMATED 4.8 MILLION BUSINESSES IN THE UK. WITHIN THIS POPULATION, 99.2% WERE SMALL BUSINESSES. IN OCTOBER 2013 THE UK IS A CHEAP PLACE TO START UP WITH A GROSS NATIONAL INCOME -COST OF 0.7% 8,328 STARTU UK START-UPS WERE BORN, PART OF THE 405,838 COMPARED VWITH THE GLOBAL START-UPS CREATED THIS YEAR. AVERAGE OF 20% RISKY BUSINESS OF FAILED 1 IN 3 BUSINESSES WOULD STILL BE IN BUSINESS AFTER 2.5 YEARS IF THEY HAD SOUGHT ADVICE AT THE OUTSET. UK BUSINESSES FAIL IN THE FIRST 3 YEARS. WAKING UP TO THE POTENTIAL EXTRA FINANCIAL SUPPORT FOR BRITISH ENTREPRENEURS TO START A BUSINESS IS NOW AVAILABLE THROUGH START-UP LOANS AND NEW ENTERPRISE ALLOWANCE. ASPIRING ENTREPRENEURS FROM ACROSS BRITAIN WILL GET FINANCIAL BACKING FROM THE GOVERNMENT UNDER A £69 MILLION PACKAGE OF SUPPORT THAT WILL HELP CREATE TENS OF THOUSANDS OF NEW BUSINESSES, DAVID CAMERON ANNOUNCED IN SEPTEMBER 2013. OVER 30,000 NEW BUSINESSES HAVE BEEN CREATED WITH SUPPORT FROM GOVERNMENT SCHEMES IN THE LAST 2 YEARS ALONE. UK BUSINESS FUNDING BREAKDOWN 2013 CUMULATIVE LENDING SHARE OF LENDING EM 1,000r 827 800 600- PRIVATE CAPITAL 400- GOVERNMENT CAPITAL 200- MAR APR MAY JUN JUL AUG SEP LENDING BY REGION EAST OF ENGLAND SOUTH WEST ENGLAND WEST MIDLANDS NORTH WEST ENGLAND YORKS AND HUMBER SOUTH EAST ENGLAND LONDON 50 100 150 200 250 300 350 400 SOURCES: BROUGHT TO YOU BY: PRODUCED BY: http://www.startupbritain.co/tracker http://www.insidestartups.co.uk/blog/the-uk-startup-economy- in-numbers-nov-2012/ smarta ATTWOOD EDIGITALL https://www.gov.ukigovernment/news/69-million-more-for-start- up-loans-and-new-enterprise-allowance http://hubworkspace.com/media-centre/2013/07/the-importance- of-smes-in-the-uk-economy https://www.gov.ukigovernment/uploads/system/uploads/attachment_dat a/file/239447/business_finance_partnership_activity_report_final.pdf STARTUPLOANS SMARTA.COM ATTWOODDIGITAL.COM