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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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
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

"Lamar Griffiths and Reece Walker took out a Start Up Loan of £4,000 in November 2018 to launch 21st Century Repairs, a van-based phone repair..."
21st Century Repair
21st Century Repair
Download arrow Download Document(opens in a new tab) - Lamar Griffiths and Reece Walker took out a Start Up Loan of £4,000 in November 2018 to launch 21st Century ...
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"Joe Brady took out a £10,000 Start Up Loan in two parts in October 2020 and January 2021 to launch Essence of Hartland, an eco-friendly home.."
Essence of Hartland
Essence of Hartland
Download arrow Download Document(opens in a new tab) - Joe Brady took out a £10,000 Start Up Loan in two parts in October 2020 and January 2021 to launch ...
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"Julie Di Toro and her partner, Sam Barker, took out a Start Up Loan in two parts in August and September 2020 to launch Mistral, an independent wine..."
Mistral
Mistral
Download arrow Download Document(opens in a new tab) - Julie Di Toro and her partner, Sam Barker, took out a Start Up Loan in two parts in August and ...
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"Aoife Doherty set up her business in November 2020 after graduating from the University of Reading with a BA Hons in Graphic Design. After noticing.."
Floris
Floris
Download arrow Download Document(opens in a new tab) - Aoife Doherty set up her business in November 2020 after graduating from the University of Reading with a BA Hons ...
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"Jane Palmer, 53, took out a £25,000 Start Up Loan in 2015 to launch Celebrating Curves, a bridal wear business for plus-size brides based in..."
Celebrating Curves
Celebrating Curves
Download arrow Download Document(opens in a new tab) - Jane Palmer, 53, took out a £25,000 Start Up Loan in 2015 to launch Celebrating Curves, a bridal wear business ...
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"Matthew Martin and his wife, Corina Martin, launched Cod of Duty, a mobile Fish and Chips food truck, in December 2020 using two £17,000 Start Up..."
Cod of Duty
Cod of Duty
Download arrow Download Document(opens in a new tab) - Matthew Martin and his wife, Corina Martin, launched Cod of Duty, a mobile Fish and Chips food truck, in December ...
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"Sara Roberts used a £20,000 Start Up Loan to launch Healthy Nibbles, the UK’s first healthy vending machine company that offers healthy products and..."
Healthy Nibbles
Healthy Nibbles
Download arrow Download Document(opens in a new tab) - Sara Roberts used a £20,000 Start Up Loan to launch Healthy Nibbles, the UK’s first healthy vending machine company that ...
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"James Talbot and his partner Jake Jones, took out a loan from Start Up Loans during the pandemic, after Jake was made..."
Pobi Bakery
Pobi Bakery
Download arrow Download Document(opens in a new tab) - James Talbot and his partner Jake Jones, took out a loan of £20,000 from Start Up Loans in September 2020 ...
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"Peter Rogers took out a loan of £10,000 in 2021 to launch Silverbirch Woodcraft, an online store selling bespoke and restored handmade furniture...."
Silverbirch Woodcraft
Silverbirch Woodcraft
Download arrow Download Document(opens in a new tab) - Peter Rogers took out a loan of £10,000 in 2021 to launch Silverbirch Woodcraft, an online store selling bespoke and ...
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"Double act, Jamal Ramsay and Jamal Ayton-Brown, took out two loans of £24,988 each in June 2020 to launch BOXD Health, a business selling..."
BOXD Health
BOXD Health
Download arrow Download Document(opens in a new tab) - Double act, Jamal Ramsay and Jamal Ayton-Brown, took out two loans of £24,988 each in June 2020 to launch BOXD ...
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"After meeting while working as pizza chefs together, Alex McKay and Douglas Staton wanted to channel their strong passion for food into an idea for a business. Spotting a gap in the market for locally sourced, high-welfare, traditionally cured charcuterie meats, Alex and business partner Doug launched Manchester-based Northern Cure in early 2020."
Northern Cure
Northern Cure
Download arrow Download Document(opens in a new tab) - After meeting while working as pizza chefs together, Alex McKay and Douglas Staton wanted to channel their strong passion for ...
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