Steve Waud Business Enterprise Fund

Does Self Employment Reduce PovertyStats;23 million unemployed across EuropeBurden to the Welfare Estate in UK alone £61

billion for unemployment. This will riseUK current level is 7.9%By the end of the year it is forecast to be

around 2.9 millionsIt is therefore very expensive to fund the dole

Does Self Employment Reduce PovertyCDFI’s are a vehicle for recoveryWe provide the opportunityWe take the riskWe create jobsCDFI’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 PovertyClearly the loans are mostly to self employed

sole tradersThe reality it worksThe Legi model is proof of the concept of

Government intervention and how it can workIn Bradford, there have been nearly 1800

businesses created650 became Vat registeredAround 2800 jobs created and sustained