In 2012, £151 million was made available to the scheme by the government to aid entrepreneurs with a target to start 30,000 new businesses by 2016.
In the 2015 Autumn Statement, the government announced that it would continue to support the programme for the remainder of their current term.
The scheme is administered by The Start-Up Loans Company, a subsidiary of the British Business Bank, and delivered through a network of “Delivery Partners".
[1] The Start Up Loans scheme's mission is to equip entrepreneurs with the tools needed to make their business a success in all industries and sectors.
[5] In September 2013, Prime Minister David Cameron announced that additional funding of £34m would be allocated to the Start Up Loans scheme.