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Recovery Loan Scheme offers nearly £302m of lending to smaller businesses in South West

Recovery Loan Scheme offers nearly £302m of lending to smaller businesses in South West

The British Business Bank has announced that, through the Recovery Loan Scheme, accredited lenders have offered nearly £302m to smaller businesses in the South West as they steer a path towards a sustainable recovery.

Of the £301.9m of total funding offered through 1,678 facilities, £250.4m has been drawn down through 1,544 facilities.

Total funding offered from the scheme...

Startups

South West entrepreneurs receive £66m in funding from government scheme

Business owners in the South West have received more £66m from the government's Start Up Loans programme since it was launched in 2012, new figures reveal.

According to the British Business Bank, the state-owned development bank that runs the programme, entrepreneurs across the region have received 7,487 loans in the past nine years. However, at 9% of the total, it is significantly...

Peter Evans

Peter Evans: The government's £375m tech fund looks flawed from the start

In the now impossibly tranquil-seeming days of the early 2010s, David Cameron’s coalition government became obsessed with Silicon Valley. Although the reverberations from the 2008 financial crisis were still being felt, it was possible in a world before Brexit and coronavirus for politicians to fixate on something as trivial as technology start-ups and not be consumed by criticism.

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