Help for young entrepreneurs

Thousands more young people could benefit from government loans which aim to turn their business ideas into reality. The 'Start-Up loans scheme' is being boosted by £30 million to £110 million over three years.

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Government expands Start-Up loans scheme

Prime Minister David Cameron hopes the scheme will help the next generation of entrepreneurs Credit: Luke MacGregor/PA Wire

David Cameron has announced that thousands more young people could benefit from government loans which aim to turn their business ideas into reality.

The Dragons Den-style 'Start-Up loans scheme' is being boosted by £30 million to £110 million over three years.

According to Downing Street, because of the "high demand", the age limit for applying for a loan is being raised from 24 to 30.

Despite criticism that only a few hundred loans have been finalised since the scheme was launched last Autumn, Number 10 insisted that it was on target to issue more than 2,500 loans by March.

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