Local MP Sarah Newton welcomes news for local entrepreneurs.

Sarah Newton has welcomed new figures showing £500 million has been awarded to small businesses across the country and is urging more entrepreneurs in Truro and Falmouth to apply.

The new figures show that 180 loans have been awarded in Truro and Falmouth with firms receiving over £1,725,463 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.

We 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.

Commenting, Sarah said:

“Every week I meet local entrepreneurs setting up and growing businesses, creating new, well paid jobs for local people and generating taxes that pay for our vital public services. Small and medium sized businesses are the backbone of our local economy. 

“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.

“Through the modern Industrial Strategy and schemes like the Start Up Loans programme, this Government is determined to support them. Yesterday, I am delighted Government responding to the campaigning of our local Federation of Small Business (FSB), delivering broad measures to ensure small businesses get paid on time.”