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  • Cameron to unveil £30m business loans boost for startups



    U.K. Prime Minister David Cameron said young entrepreneurs are to be given extra £30 million to start their businesses, under a tranche of funding unveiled Thursday.

    “It is by backing our entrepreneurs and championing small business that we can drive forward and grow the economy, and equip this country for the highly competitive era we are in”, Mr. Cameron said.

    The additional money will bring the government’s Start-Up loans scheme to a total of £110 million in a bid to generate growth. The age limit for people to become eligible for the funding is from 18 to 30.

    According to Cameron`s office, thousands of young people could benefit from government loans including access to a business mentor and low-interest capital typically of about £2,500, which aim to turn their business ideas into reality.


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