Craig welcomes support for entrepreneurs in South Thanet

Craig Mackinlay MP has welcomed new figures showing £500 million has been awarded to small businesses across the country, and is urging more entrepreneurs in South Thanet to apply.

The new figures show that 89 loans have been awarded in South Thanet, with firms receiving over £473,918 in support.

Since 2012, the Start Up Loans programme has issued nearly 65,000 loans to entrepreneurs and small businesses across the country, helping them to grow and create well-paying jobs in their local area.

As part of the Conservatives’ modern Industrial Strategy, entrepreneurs are being supporting to start up and businesses are supported to grow and reach their full potential.

The Government are providing over £13 billion of business rates support over coming years, as well as tackling delays in payments to small businesses to ensure that that they are paid on time.

Craig Mackinlay MP commented:

“It’s fantastic news that over £500 million has already been used to support smaller firms across the country, including here in Thanet.

“Now I’m urging more small and start up businesses here to apply for this support, which will help them to boost their productivity and create new jobs.

“Small businesses are the backbone of our economy, and through the modern Industrial Strategy and schemes like the Start Up Loans programme, this Government is determined to support them.”

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