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New Businesses: Northern Ireland

House of Lords written question – answered on 3rd November 2014.

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Photo of Lord Browne of Belmont Lord Browne of Belmont DUP

To ask Her Majesty’s Government how many applications for the Start Up Loans scheme have been received from Northern Ireland; and what is the total value of such loans provided for new businesses in Northern Ireland since the scheme was introduced.

Photo of Baroness Neville-Rolfe Baroness Neville-Rolfe The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The Start Up Loan Company (SULCo) administers the Start Up Loan programme on behalf of the Department for Business, Innovation and Skills (BIS). As a commercially independent company, SULCo reports to BIS on the number of Start Up Loans.

The Start Up Loan programme was extended to include Northern Ireland in June 2013.

Figures from 30/09/2014 show there have been 186 Start Up Loans with a value of £893,010 in Northern Ireland

In the UK, there have been over 21,000 Start Up Loans with a value of £113m issued since the programme began in June 2012.

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