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Start-up loans scheme to help… | Enterprising Women

Start-up loans scheme to help young people launched

An 82million loan scheme for young people wanting to create a business was launched on Monday by David Cameron.

People aged between 18 and 24 can apply for funds of up to 2,500 pounds.

Mr Cameron said that he hoped the new initiative could lead to 30,000 more start-ups and give a boost to economic growth.

The loans must be repaid within five years, and interest will be charged at the level of the Retail Prices Index plus 3%.

For more information on the loan scheme, click here.

To read the full article, click here. (BBC, 'Start-up loans scheme to help young people launched')

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