Nuneaton MP Marcus Jones has welcomed new figures that show the Government’s Start-Up Loans Scheme has helped 78 entrepreneurs in Coventry and Warwickshire set up their own business. Across the country 10,000 Start-Up Loans have now been awarded, worth a total of £50million.

Commenting, Marcus said: “Because of the financial crisis we inherited, people who want to set up a new business have often found it hard to get a loan. This has prevented people with ideas and aspiration from putting their business plans into action.

“Today’s figures show that Start-Up Loans are changing that - here in Warwickshire and Coventry £389,917 has been lent to 78 budding entrepreneurs. This will ensure that all their potential and ideas don’t go to waste.

“New businesses are the lifeblood of a healthy economy, helping to create jobs and growth. That’s why we will keep supporting hardworking people who aspire to start their own businesses and I would encourage any budding entrepreneurs to look into this excellent scheme.”