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Women’s Start Up Loans

The UK “Start Up Loans” program, a scheme backed by the British Government, appears to be drawing more successful female applicants than other more traditional business start-up loans. According to the UK Office for National Statistics, 37% of all successful applicants for the Government backed scheme are female compared to 18% for other similar loans schemes. Furthermore, in the first two quarters of 2015, 42% of those accessing funds through the scheme were women.

The Start Up Loans program is designed to promote economic growth by assisting entrepreneurs, having an available fund of £250M to create up to 10,000 loans. The maximum amount an applicant can borrow is £25,000.