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.
31%
Number of loans to unemployed
81,608
Total numbers of loans
£707,620,133
Total loan value
| MEN | 60% |
|---|
| WOMEN | 40% |
|---|
12.3%
Baby Boomers
32.9%
Generation X
53.6%
Millennials
1.2%
Gen Z
| 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 | |