Start-ups could be finished without government help

Many start-up companies are unlikely to qualify for help from the government’s Business Interruption Loan Scheme.

Founders Factory is calling for aid ©Twitter @foundersfactory

Amid the generous government support schemes for different types of business unveiled so far, assistance for one group is conspicuous by its absence. Many of Britain’s start-up companies are unlikely to qualify for most of the help available.

The problem for many of these companies, including thousands of technology businesses, is that while their sales may be growing very rapidly, they have yet to break even.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.