Business: New scheme launched to help young entrepreneurs

A new scheme to help young entrepreneurs start businesses has been launched by the government. The StartUp Loans scheme is aimed at people between the ages of 18 and 24 and will provide up to £82 million in loans. The typical loan is expected to be in the region of £2.500 and launching the scheme, Prime Minister David Cameron, said that he hoped up to 30,000 new business start ups could be helped; giving a much needed boost to the economy. The scheme will be run in conjunction with the Prince’s Trust, who already provide small loans to fledgling businesses run by young ...