"New data released by Start Up Loans, part of the British Business Bank, shows that the Start Up Loans programme has delivered £250 million in lending to more than 25,000 entrepreneurs across London. So far in 2025, 1,500 loans valued at £20m have been taken, illustrating the city's enduring entrepreneurial drive. The data also reveals the capital's top 10 most entrepreneurial boroughs, ranked by volume of loans taken out since 2012."
"Surprisingly, the City of London is the least entrepreneurial borough according to the Start Up Loans data, with just 19 small business owners taking out loans valued at just £212,400. However, nearby Hackney, where East London Tech City and Silicon Roundabout are based, is where many of the capital's entrepreneurs are based. The data also reveals a real north-south divide, with Hackney, Barnet, Newham, Haringey and Enfield-based entrepreneurs leading start up businesses in north London."
The Start Up Loans programme has provided £250 million in lending to more than 25,000 entrepreneurs across London. In 2025 so far, 1,500 loans worth £20m have been issued, showing continued entrepreneurial activity. Hackney ranks as the most entrepreneurial borough, followed by Lambeth and Lewisham; the City of London ranks lowest with 19 loans totalling £212,400. A north–south divide is evident, with Hackney, Barnet, Newham, Haringey and Enfield leading in the north and Lambeth, Lewisham, Southwark, Croydon and Wandsworth leading in the south. Female founders took 42% of loans, 44% went to Black, Asian and Other Ethnic Minority founders, 13% to Gen Z, 10% to over-50s, and 23% to previously unemployed founders. One beneficiary, Yandis Ying of Dot Dot Tea, used a loan for branding, packaging and natural ingredients.
Read at London Business News | Londonlovesbusiness.com
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