First steps towards self-employment – microcredit for enterprise in Scotland

Neil Anthony McHugh, Morag Gillespie, Jana Loew, Cam Donaldson

Research output: Contribution to journalArticle

Abstract

While lending for small businesses and business start-up is a long-standing
feature of economic policy in the UK and Scotland, little is known about
the support available for those taking the first steps into self-employment,
particularly people from poorer communities. This paper presents the results of a project that aimed to address this gap. It mapped provision of support for enterprise, including microcredit (small loans for enterprise of £5,000 or less) and grants available to people in deprived communities. It found more programmes offering grants than loans. Grants programmes, although more likely to be time limited and often linked to European funding, were generally better targeted to poor communities than loan programmes that were more financially sustainable.
Original languageEnglish
Pages (from-to)169–191
Number of pages23
JournalScottish Affairs
Volume23
Issue number2
DOIs
Publication statusPublished - May 2014

Keywords

  • microfinance
  • microcredit
  • self-employment
  • enterprise
  • deprived communities
  • Scotland

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