London dominates Start Up Loans funding with Shoreditch at the front of the pack
Date posted: 29 March 2015 | Posted in: Blog
Startups in London have received a third of the government’s Start Up Loans funding, with tech-orientated constituencies leading the way, according to BusinessZone’s analysis.
The Start Up Loans Company, which is funded by the government, provides finance and a mentor to small businesses across the UK.
London received £42m in funding for 7,333 businesses through the scheme and 18 of the top 20 constituencies by loan numbers are based in the capital.
This includes the tech and creative hubs of Hackney South and Shoreditch, and Hackney North and Stoke Newington, which came first with 243 loans and third with 240 respectively.