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<p>We are committed to ensuring all small businesses have access to the support they
need to succeed to start, grow, and scale their businesses.</p><p> </p><p>The Government-backed British
Business Bank is there to make finance markets work better for small businesses at
all stages of their development. The Bank’s programmes are currently supporting over
£6.6bn of finance to over 89,000 smaller businesses (as at end-March 2019). The British
Business Bank’s Start-Up Loans programme provides loans to entrepreneurs seeking to
start and grow their own businesses. Since 2012, the programme has delivered almost
65,000 loans, worth nearly £511m to small businesses (as at end-June 2019).</p><p>
</p><p>In North Cornwall specifically, since 2014 the Bank has supported over £5.75m
of finance to over 180 smaller businesses (as of July 2019). 99 Start-Up Loans have
been issued in North Cornwall, totalling £912,033. The Bank’s programmes will continue
to support smaller businesses in North Cornwall.</p><p> </p><p>In June 2018, the British
Business Bank launched the £40m Cornwall & Isles of Scilly Investment Fund (CIOSIF)
to provide debt and equity finance in this area. The fund has deployed £1.9m into
10 small businesses as at the end of May 2019.</p><p> </p><p>The Bank’s online Finance
Hub helps small business owners identify potential sources of finance via the finance
finder web tool. The Business Bank has also established a UK Network, with team members
based within each of the English regions and the three Devolved Nations, including
a representative for Cornwall and Isles of Scilly. The UK Network works with small
business finance intermediaries to enhance business finance ecosystems across the
UK, so smaller businesses, wherever they are, can grow and prosper.</p>
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