Business, Innovation and Skills written question – answered on 11th September 2013.
To ask the Secretary of State for Business, Innovation and Skills how many applications have been made in total under the Start-Up Loans scheme to date; how many such applications (a) have been successful, (b) are currently being assessed, (c) have been rejected and (d) have drawn down funds; and what the breakdown is in each category by (i) gender of applicant, (ii) age of applicant, (iii) region and (iv) Start-Up Loans delivery partner.
34,874 people have formally registered an interest in Start-Up Loans and 7,628 loan offers have been made. Since decline data has been collected (May 2013), 368 loans have been formally declined. A further 1,831 applicants have withdrawn their application. 2,929 applications are currently being assessed.
Full personal information is verified and submitted by partners at point of loan drawdown. Data on gender, age and location is not currently available for declined applications. However, data is available for the 6,501 loans drawn to date, distributed as follows:
36% Female; 64% Male;
38% 18 to 24 years; 62% 25+ years; and
43% BAME (self-report data).
By region, these are split:
Percentage | |
East | 6 |
EM | 6 |
Ldn | 38 |
NE | 5 |
NW | 16 |
SE | 8 |
SW | 5 |
WM | 7 |
Y&H | 9 |
By delivery partner, these are split:
Number | |
Biz Britain | 98 |
Bricks and Bread | 33 |
Bright Ideas Trust | 43 |
Brightside Trust | 84 |
Business Finance Solutions | 439 |
Business Support and Development | 124 |
Cloudspeed/f6s | 62 |
CDFA | 356 |
Dreamstake | 21 |
East London Small Business Centre | 80 |
Elevation Networks | 269 |
Enterprise Lending East Midlands | 113 |
Enterprise4All | 29 |
Entrepreneur Country | 5 |
Exodus | 5 |
Fashion Angel | 33 |
Foundation East | 68 |
GLE | 112 |
Hull Business Development Fund | 77 |
Hyndburn Enterprise Trust | 41 |
Kaleidoscope | 31 |
Leeds City Credit Union | 10 |
Let's do Business Group | 156 |
Norfolk and Waveney Enterprise Services | 101 |
Original Upstarts | 9 |
Positive Inclusions | 242 |
Printing.com | 24 |
Prospects | 10 |
Riverside Credit Union | 86 |
Rockstar Youth | 1,070 |
School for Start Ups | 1,039 |
SFEDI | 47 |
Sheffield City Council | 21 |
South West Investment Group | 116 |
Spring to Action | 14 |
Start-Up Direct | 201 |
Start-Up Loans London | 281 |
The Prince's Trust | 560 |
Train E Traid E | 22 |
Transmit Start-Ups | 57 |
University of Arts | 15 |
Virgin Unite/PNE | 79 |
WSX Enterprise | 53 |
Yorkshire Coast Enterprise | 23 |
Young Britain | 123 |
Youth Enterprise | 19 |
Yes0 people think so
No0 people think not
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