Scores of budding entrepreneurs get boost they need

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SCORES of entrepreneurs across the Portsmouth area have been given a boost thanks to the government’s start-up loan scheme.

The initiative provides funding and a mentor for people looking to set up their own business.

And latest figures show that in Portsmouth, 85 loans totalling £463,098 have been dished out to enable firms to get off the ground.

For example, Portsmouth resident Monique Upton-Jubber was given £9,000 to enable her to establish a design, illustration and consultancy firm called Uniqueye.

Tony Childs has also been able to start his business strategies company, Vicimus, with the help of a £3,000 start-up loan.

In Fareham, 20 loans worth £98,647 have been given and 14 worth £74,360 have been made available in Gosport.

Fourteen businesses in Havant have been able to get started thanks to loans totalling £117,712.

Chichester has seen 32 loans worth £200,165 in all.

Minister for Portsmouth Matthew Hancock said it was great people had been given the opportunity.

‘I’m delighted that 85 businesses in Portsmouth have now been helped by the government’s start-up loans scheme,’ he said.

‘Start-ups are a key part of our long-term economic plan and through these loans we are enabling budding entrepreneurs to unleash their potential.’

According to the Start-Up Loan Company, more than 32,000 new jobs have been generated as a result of the scheme, which was launched in 2012.

It is a £310m government-funded initiative.

Nicola Weeks, from Bedford, is the latest female entrepreneur to get involved after being awarded the 25,000th loan.

Prime minister David Cameron said: ‘Small businesses are the lifeblood of our economy, and supporting them to get off the ground 
and create jobs and opportunities for hardworking people.’