George Osborne, suggested the Government would work closely with the Bank of England to develop a fund for lending which could protect the economy against the ‘Eurozone debt storm’.
Business expert Emma Jones, co-founder of StartUp Britain said: “Small businesses and start-ups in particular have been struggling to find ways to finding the essential funding they need to help their businesses to grow.
“If we are going to be competitive and allow this new crop of diverse businesses to flourish, we need to remove the barriers to growth and seize the opportunity to be ahead of the game, whatever is going on around us.
“Record numbers of people with a bright idea are setting up businesses in this country – more than 400,000 last year. We know this move will be welcomed by them all.”
StartUp Britain was recently involved in the launch of StartUp Loans for young people aged between 18 and 24 – an age group disproportionately affected by unemployment, but which is seeing a massive increase in business start-ups.