UK Unlocked

Start Up Loans is set to unlock the potential of those people who have been made unemployed as a result of Covid-19.

The Start Up Loans scheme was initially set up as the UK economy was recovering from the 2008 credit crisis, with a mission to make business ownership a viable career for individuals who would struggle to raise finance. Building on a nine-year track record of success, the scheme is set to play a vital role as our economy starts to rebuild after the impact of Covid-19, providing both funding and wider support for people starting up their own business for the first time.

Of the 80,000+ loan recipients through Start Up Loans since 2012, one in three (31%) were unemployed at the time of application.

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31%

Number of loans to unemployed

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81,608

Total numbers of loans

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£707,620,133

Total loan value

          MEN60%
          WOMEN40%
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12.3%

Baby Boomers

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32.9%

Generation X

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53.6%

Millennials

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1.2%

Gen Z

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Regions A
1
East of England
7.67% of lending volume
2
Scotland
8.98% of lending volume
3
Wales
3.75% of lending volume
4
Northern Ireland
1.50% of lending volume
5
North West
11.45% of lending volume
6
North East
4.49% of lending volume
Regions B
7
Yorkshire and the Humber
7.03% of lending volume
8
East Midlands
6.44% of lending volume
9
West Midlands
9.84% of lending volume
10
South West
9.15% of lending volume
11
South East
8.74% of lending volume
12
London
20.97% of lending volume

Will you be next? Find out more about how to apply for a Start Up Loan

Case studies