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<p>The Industrial Strategy aims to make the UK the best place in the world to start
or grow a business. The Start Up Loans programme helps individuals access the necessary
finance to start or grow a business in the UK. In addition to receiving a loan, applicants
are offered free business support and access to a business mentor for 12 months after
receiving funding, thereby enhancing their chances of success. Individuals can borrow
between £500 and £25,000 and loan repayment periods are between one and five years.</p><p>
</p><p>The Start Up Loans programme is managed by the Start Up Loans Company, a subsidiary
of the British Business Bank. At the end of July 2018 the Start Up Loans programme
had lent £436m to over 57,000 entrepreneurs.</p><p> </p><p>Since the inception of
the programme in 2012, 808 loans have been distributed in Nottinghamshire at a value
of £5.4m with repayments of £2.2m to date.</p>
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