More loans for starters
economy: Thousands more young people could get Dragons' Den-style Government loans to help them turn business ideas into reality, David Cameron has announced.
The Prime Minister said funding for the coalition's Start-Up Loans scheme was being boosted by £30m to £110m over three years.
The age limit for applying was also being raised from 24 to 30 in response to "high demand", according to Downing Street aides.
No 10 insisted the initiative was on target to issue more than 2,500 loans by March – despite criticism that only a few hundred worth £1.5m have been finalised since it was formally launched last autumn.
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Some 3,000 people are said to have registered an interest in the money and mentoring packages, which are only available in England and being delivered through charities such as The Prince's Trust.