Funding for new business start up extended

The Start-Up Loans scheme, which gives mentoring support and loan finance for individuals starting a business, is to be extended to Scotland and Wales, the Prime Minister has stated. The scheme will also be expanded to give specific support for ex-service personnel and additional loans for people aged over 30. The Government has also announced that the New Enterprise Allowance (NEA) scheme that was scheduled to close to new applicants in September will now continue to take referrals until the end of December 2014, with a target of providing 60,000 extra places on the scheme.
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