Sir Jim Paice has welcomed new figures that show the Government’s Start-Up Loans Scheme has helped 63 entrepreneurs in Cambridgeshire set up their own business.
Across the country 10,000 Start-Up Loans have now been awarded, worth a total of £50 million.
The South East Cambridgeshire MP commented: “Because of the financial crisis we inherited, people who want to set up a new business have often found it hard to get a loan.
“This has prevented people with ideas and aspiration from putting their business plans into action.
“The figures show that Start-Up Loans are changing that - here in Cambridgeshire £277,330 has been lent to 63 budding entrepreneurs.
“This will ensure that all their potential and ideas don’t go to waste.
“New businesses are the lifeblood of a healthy economy, helping to create jobs and growth.
“That’s why we will keep supporting hardworking people who aspire to start their own businesses.”
Sir Jim is also encouraging small businesses in his constituency to sign up to the Small Business Campaign at www.thesmallbusinesscampaign.com/ which will be offering a host of events for small businesses across the country.
For all the latest news see tomorrow’s (Boxing Day, Thursday, December 26) Echo.