Business people get euro boost
EXMOUTH entrepreneurs who have lost their jobs and want to start their own business but can t get credit, can now get a helping hand thanks to a European ruling. European ministers have now passed
EXMOUTH entrepreneurs who have lost their jobs and want to start their own business but can't get credit, can now get a helping hand thanks to a European ruling.
European ministers have now passed The European Microfinance Facility with a starting budget of about �90m with possible access to �450m from other international institutions such as the European Investment Bank.
It is expected that the fund will be able to provide around 45,000 loans over the next eight years to entrepreneurs across the country.
Anyone accessing the fund will be given help with a business plan and coaching.
East Devon Euro MP, Giles Chichester from West Hill said: "Entrepreneurs and so-called micro-enterprises are the lifeblood of the economy and they should be supported.
"Conservative MEPs supported this fund, although we had initially asked for it to be reallocated from another budget line.
Most Read
- 1 Full line-up announced for Exmouth Festival
- 2 'Goth girl' Scarlett plans Dartmoor trek for charity
- 3 Big Breakfast fundraiser starts Budleigh Gala Week
- 4 'Report graffiti and vandalism', police urge Budleigh residents
- 5 Exeter Chiefs looking to get better of Bristol Bears, again and again!
- 6 I spent an afternoon with the Devon Air Ambulance
- 7 Witness appeal after Exmouth assault
- 8 Body found in search for missing man
- 9 Exmouth coast watch recruit three newbies
- 10 From meat in supermarkets to beer in pubs - what is getting more expensive?
"Now that it is in place, I want as many budding entrepreneurs in the South West to access it and I call on the British government to move swiftly to put in place a portal for people to access the funding.