Bank of Mum and Dad being used by entrepreneurs to fund start-ups
![Bank of Mum and Dad being used by entrepreneurs to fund start-ups](https://i.dailymail.co.uk/1s/2024/07/09/10/87104111-0-image-a-8_1720516799598.jpg)
The average cost of starting a new business now stands at £16,000, or slightly lower at £11,500 for sole traders, according to data from SME bank Zempler.
The average cost of starting a new business now stands at £16,000, or slightly lower at £11,500 for sole traders, according to data from SME bank Zempler.