• Start Up Loans of up to £25,000 now available to start-ups that have been trading for up to three years, up from two years
• New ‘second loans’ available for businesses that have been trading for up to five years
• Loans to provide much-needed support for the UK’s innovators and entrepreneurs

An £884m loan scheme for new businesses is to be greatly expanded, delivering much needed finance to the UK’s array of innovative start-ups, the Business Secretary Jacob Rees-Mogg has announced today (Sunday 25 September).

The Start Up Loans programme has provided more than 95,000 loans to start-ups across the UK since its inception in June 2012, offering an average of just over £9000 in support.

With 33,000 new loans available, the programme’s eligibility will be expanded to support businesses trading for up to three years, up from two years. Businesses can apply immediately under the new criteria.

Start Up Loans provide a fixed interest rate of 6%, as well as mentoring, support and funding to aspiring business owners across the UK, providing support to those who might find it difficult to secure loans from traditional lenders.

Alongside this, a new second loan will be available to businesses operating for up to five years, providing eligible businesses between 3 and 5 years old a much-needed Government-backed finance to support their expansion at a crucial juncture.

Business Secretary Jacob Rees-Mogg said:

“This government is relentlessly focused on driving growth to create better jobs, boost wages and fund our vital public services like the NHS.

“Encouraging entrepreneurship and new businesses to thrive is critical to growing the economy and raising living standards.

“From a hair salon in Wales, to a furniture business in Northern Ireland and a cake seller in the Lake District, expanding the Start Up Loans Scheme will support these small businesses through this challenging period and position them to grow – creating jobs and opportunities across the UK.”

The scheme has backed businesses across the United Kingdom, with more than £54m provided to businesses in Scotland, £42m in Wales and over £12m in Northern Ireland.

Expansion of the Start Up Loans scheme follows the 2021/22 Spending Review, at which the government made the commitment to provide 33,000 loans to the programme over the next three years.

The extension provides further government support for businesses grappling with cost pressures and adds to measures announced by the Chancellor earlier this week, including the introduction of the Energy Bills Relief Scheme to help support them with the costs of energy, reforming off payroll working rules and simplification of the alcohol duty system.

It also builds on key measures the Government has announced for small businesses in particular, including extending the £4.5 billion Recovery Loan Scheme and delivering the Help to Grow schemes, which provide mentoring and free software to thousands of businesses across the UK.

Michelle Ovens CBE, founder, Small Business Britain said:

“The expansion of funding opportunities for start-ups and growing businesses will certainly be welcomed by small firms as a positive move to unleash their potential. Access to finance is vital for entrepreneurs to grow, and with rising costs and challenges across the board they need all the help they can get right now to realise their ambitions.”

British Business Bank, Managing Director of Start Up Loans, Richard Bearman, said:

“We are delighted to be able to extend the reach of the Start Up Loans programme to help support businesses who need extra support during a time of continued economic unrest.

“This extension of the programme will enable us to work with those businesses that had perhaps just got going when the pandemic hit, or are ready to scale up now that they are back on their feet. We want to ensure that these businesses do not get left behind.”

On 20 September 2022, ministers and representatives of the Governments of the Kingdom of Saudi Arabia, United Arab Emirates, United States of America and United Kingdom, hereafter referred to as the Quad, met to discuss the situation in Yemen.

The Quad reaffirmed its strong commitment to the unity, sovereignty, independence, and territorial integrity of Yemen, and its commitment to stand by the people of Yemen through efforts to reach an end to the conflict and the ongoing humanitarian crisis.

The Quad welcomed the tangible benefits delivered by the truce for the Yemeni people since it commenced on 2 April 2022. They welcomed the continuing implementation of agreed confidence building measures and leadership of the Government of Yemen, including facilitating the flow of fuel into Hudaydah Port despite the Houthis’ order that delayed the established process for clearing ships, and the resumption of flights in and out of Sana’a airport. They called for the implementation of the outstanding measures, including the opening by the Houthis of the main roads around Taiz and an agreement on a joint mechanism for the payment of civil servant salaries. They condemned the Houthis’ large scale military reinforcement and all attacks that threatened to derail the truce including, inter alia, the recent Houthi attacks on Taiz. They also condemned the recent Houthi military parade in Hudaydah, in violation of the Hudaydah Agreement.

They emphasised the need to consolidate and build on this progress, which requires compromise by all parties. The Quad therefore fully supported the efforts of the UN Special Envoy, Hans Grundberg, to extend and expand the truce on 2 October 2022, in addition to the full implementation of all terms of the truce. The Quad agreed that a permanent ceasefire and a durable political settlement must be the ultimate objectives of the Yemeni-led and Yemeni-owned political process, under UN auspices, and that such a settlement must be based on the agreed references and relevant UN Security Council resolutions.

The Quad reaffirmed their support to the Presidential Leadership Council (PLC), stressed the importance of PLC cohesion, and welcomed the PLC’s commitment to improving basic services and economic stability.

The Quad agreed to meet regularly, to discuss both Yemen and broader regional security issues.

Hundreds of victims of county lines exploitation will be helped to escape drug gangs following the expansion of support services in four priority locations – London, West Midlands, Merseyside and Greater Manchester – where young people are often targeted.

The Home Office has today (24 September) allocated up to £5 million to better support young people and their families for the next three years, and help free them from the grasp of vicious county lines gangs.

A one-to-one specialist support service for young people under 25, delivered by not-for-profit organisation Catch22, will safely make contact with young people who have been referred by safeguarding partners, such as the police and children’s services, and work with them to exit their involvement in county lines activity.

If under 25s are identified outside of their hometowns, a rescue service will be deployed to bring them home safely, offering a pivotal moment for them to engage with caseworkers and protect their futures.

The service will also offer mental health support and counselling to the young people and their families, to help deal with the trauma of their experiences.

They will operate across the four largest exporting areas for county lines activity, aligning with the police forces that are part of the government’s county lines programme.

Home Office Minister, Jeremy Quin, said:

I want victims of exploitation to know that we are on their side – and that there is a way out, a brighter future available.

Since 2019, the government’s county lines programme has shut down 2,400 lines, made over 8,000 arrests and engaged more than 9,500 individuals through safeguarding interventions.

These services will be relentless in their focus to carve out safe routes home for young people in danger and tear them away from the grip of these merciless county lines gangs, opening up their futures once more.

As part of the package of support, funding will also be allocated to continue the delivery of the national confidential and anonymous helpline ‘SafeCall’, delivered across England and Wales by Missing People – including bespoke support for parents and carers. Since it was established in late 2017, the helpline has supported 480 young victims of county lines exploitation and their families.

Chief Executive Officer at Catch22, Naomi Hulston, said:

For children and young people who are victims of county lines activity, the impact on their lives – and the lives of those around them – is devastating. We know that grooming techniques are becoming more advanced and that escaping the clutches of these perpetrators can be incredibly difficult. That’s why as part of this service we’ll not only be bringing young people home safely, we’ll be supporting them to make sure they can process their experiences and are protected from any future harm.

Director of Policy and Development at Missing People, Susannah Drury, said:

SafeCall provides confidential, anonymous support to young victims of county lines exploitation and their families – helping them get safe, stay safe and deal with the challenges they face. Our expert team is available 9am to 11pm, 7 days a week to provide support via our free helpline – text or call 116000. Missing People is proud to be providing the SafeCall service across England and Wales to help young victims and their families through crisis and trauma.

County lines activity refers to drug trafficking operations which often sees children or vulnerable adults groomed to run drugs from one city to other parts of the country, usually coupled with extreme violence and coercive behaviour.

• Launch of Stoptober encourages thousands of smokers to quit the habit this October
• Smoking remains the single biggest cause of preventable illness and death in England
• People are five times more likely to quit for good if they can make it to at least 28 days smoke free
• A new film has been released featuring recent ex-smoker and Strictly Come Dancing star James Jordan exploring how quitters can gain the confidence to quit for good this Stoptober

Smokers in England are being urged to stub out the habit as part of the annual Stoptober public health campaign launching next month, as latest statistics show smoking costs the NHS £2.4bn a year while causing at least 15 types of cancers, including lung cancer and acute myeloid leukaemia.

Stoptober – now in its 11th year – aims to empower people to give up smoking during October, as evidence shows people are five times more likely to quit for good if they can make it to at least 28 days smoke free.

Research shows that self-confidence is a major factor in successful attempts at quitting smoking. This year’s campaign will encourage people to take simple steps to help build their confidence and get the support they need from family and friends, as well as professional help, to stop smoking for good.

Despite smoking rates declining, there are nearly six million adults in England who still smoke, and smoking remains the single biggest cause of preventable illness and death in England. According to estimates by Action on Smoking and Health, the annual costs of smoking to productivity are £13.2 billion; treating illnesses associated with smoking also costs the NHS £2.4bn a year, with the wider cost to society in England being approximately £17bn a year.

To help launch the campaign and encourage smokers to drop the habit, a film has been released today (Saturday 24 September) featuring former Strictly Come Dancing professional dancer James Jordan, who opens up about his recent journey to quit the habit, having smoked for 27 years. He speaks to ex-smoker and NHS psychiatrist, Dr Max Pemberton, and stop smoking professional, Louise Ross, about the importance of self-confidence when quitting smoking, as well as getting the right support.

Former Strictly Come Dancing professional dancer James Jordan said:

I consider myself a confident person in most areas of my life, but have always faltered with smoking, so thought I wouldn’t be able to quit. I smoked for 27 years. My quitting journey has shown me that I am more capable than I thought, thanks to the support of my own family and friends and the professional help I sought.

Quitting smoking can improve your health, quality of life and save you money. I am so glad I took this step and had the chance to speak to the brilliant experts to give myself and others the confidence that quitting smoking, even if you’ve been smoking for decades, is possible.

Most smokers say they want to quit, and latest statistics show more than a third of smokers (36.6%) tried to quit in the last 12 months.

Emeritus Professor Behaviour Scientist at UCL Prof. Robert West said:

What is really interesting is just how much of an impact self-efficacy, that sense of self-belief and confidence, has on quitting success. That confidence is something we can really help to influence. It really does show the power of the mind – self-belief when combined with other quitting aids such as vapes or NRT effectively equip people in giving up.

What people considering quitting this Stoptober should also bear in mind is that even if you’ve tried to quit before and not managed it, that doesn’t mean it won’t work this time. You will have learnt something from your previous attempts: think of each quit attempt as a stepping stone to becoming smoke free for life.” 

Stopping smoking brings multiple benefits to health, some immediate and others that build over time. These include being able to breathe and move around more easily, a reduced risk of several cancers and financial benefits. Analysis from HM Revenue and Customs shows the average smoker is able to save around £2,000 a year when they quit.

Stoptober offers a range of free quitting tools including the NHS Quit Smoking app, Facebook online communities, daily emails and SMS, an online Personal Quit Plan, as well as advice on stop smoking aids, vaping to quit smoking and free expert support from local Stop Smoking Services.

Public Health and Mental Health Minister Dr Caroline Johnson said:

Smoking is extremely addictive and can have devastating health impacts in the long term. As a paediatrician, I have seen first-hand that smoking addiction usually begins in childhood, and once started it is very difficult to quit.

We are determined to support people to stub out the habit, so it is fantastic to see the return of Stoptober, equipping smokers with the tools and confidence they need to go smoke free.

Deputy Chief Medical Officer for England Dr Jeanelle de Gruchy said:

Smoking is a major cause of ill health, cancer and disability in England.

Quitting smoking is one of the best things you can do for your health, please give it a go this Stoptober.

NHS psychiatrist Dr Max Pemberton said:

As a doctor and an ex-smoker myself, I always urge my patients to quit smoking wherever possible as we know all too well how every cigarette smoked damages the lungs. I also know first-hand how much healthier and full of life I am after quitting now that my lungs have had a chance to clear.

What is of particular interest to me as a psychiatrist is how much of an impact individual confidence has on attempting to quit. I want to help everyone feel confident in their own ability to quit, feeling that they can access the vast amount of support out there, so they are set to give quitting smoking a shot this Stoptober.

For free support to quit this October, search ‘Stoptober’.

Notes to editors:

• Stoptober is the annual campaign under OHID’s umbrella brand, ‘Better Health Let’s Do This’ that encourages smokers across the country to join in and give quitting a go for the month of October.
• The film featuring former Strictly Come Dancing professional dancer James Jordan, NHS psychiatrist Dr Max Pemberton and stop smoking professional Louise Ross is available here.
• Visit https://www.nhs.uk/better-health/quit-smoking to find out more on what support is available.