Government-backed bank lends millions to people without jobs, data shows
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A UK Government-backed business bank has lent about £60 million to thousands of people who have been unemployed or out of work over the past decade, new data shows. Just because someone is not in employment doesn’t mean they should miss out on the opportunity to become an entrepreneur Richard Bearman, Start Up Loans More than £44 million has been lent to nearly 5,000 people who were unemployed when they applied since the programme began in 2012. Start Up Loans managing director Richard Bearman said the bank has a “higher risk appetite” for lending to people who are out of work than typical high street lenders. Richard Bearman, Start Up Loans The Government announced a “Get Britain Working” package ahead of the autumn Budget, with £240 million allocated to local services with the aim of getting people back into work.
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