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.
You may also want to watch:
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 CLOSING - Exmouth's HSBC branch to shut later this year
- 2 An art of glass has always proved popular at auction - Piers Motley
- 3 The 'frightening' contrast in dealing with defeat - Eileen Wragg
- 4 'Use any quotation you like, there is a huge problem' - Anthony Bernard
- 5 Budleigh football facing a moral dilemma
- 6 Rugby literally back to square one
- 7 Smiles of hope as care home residents and staff receive their first vaccine
- 8 Exmouth goes underground – designer creates town tube map
- 9 The positive vibe from volunteering is truly uplifting
- 10 Sports-related projects set for £300,000 developer cash boost
"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.
