Steve Waud Business Enterprise Fund

Does Self Employment Reduce Poverty Stats; 23 million unemployed across Europe Burden to the Welfare Estate in UK alone £61 billion for unemployment. This will rise UK current level is 7.9% By the end of the year it is forecast to be around 2.9 millions It is therefore very expensive to fund the dole

Does Self Employment Reduce Poverty CDFI’s are a vehicle for recovery We provide the opportunity We take the risk We create jobs CDFI’s in the UK loaned £113 millions This resulted in Nearly 10,000 jobs created or sustained With 9,000 businesses helped that equates £11k per job but that gets recycled

Does Self Employment Reduce Poverty Clearly the loans are mostly to self employed sole traders The reality it works The Legi model is proof of the concept of Government intervention and how it can work In Bradford, there have been nearly 1800 businesses created 650 became Vat registered Around 2800 jobs created and sustained