The Queen has approved that Ms Loretta Caroline Rose Minghella, OBE be appointed First Church Estates Commissioner in succession to Sir Andreas Whittam Smith, CBE.

Background

Loretta has been Chief Executive of Christian Aid since 2010, with overall responsibility for its strategy, plans and programmes across the world. She has since overseen responses to emergencies such as earthquakes and typhoons, the refugee crises in the Middle East and Europe, and hunger and famine in East Africa. She has also led Christian Aid’s long term development work and advocacy on major issues affecting the world’s poorest people, including climate change.

Loretta is a lawyer by training who, after practising as a criminal litigator, began a career in financial regulation in 1990. The first Head of Enforcement Law, Policy and International Cooperation for the Financial Services Authority, she also chaired the International Organisation of Securities Commissions’ Standing Committee on Enforcement and Information-Sharing.

In 2004, Loretta became Chief Executive of the Financial Services Compensation Scheme, in which capacity she oversaw the payment of over £21 billion in compensation to victims of bank and other financial failures. In recognition of her contribution in that role, she was awarded the OBE in the New Year’s Honours 2010.

A trustee of the Disasters Emergency Committee and of St Georges House Trust (Windsor Castle), Loretta is a member of the Church of England’s Ethical Investment Advisory Group and a Sarum Canon at Salisbury Cathedral. Loretta has a BA (Hons) in Law from the University of Cambridge.

She lives with her husband and two children in London and attends St Barnabas Church, Dulwich, where she is, in her own words, an ‘enthusiastic if not talented’ member of the choir.

More than 105,000 businesses have been launched with the support from the New Enterprise Allowance (NEA), a fund available to jobseekers with a business idea.

Successful applicants get access to a business mentor, financial support for up to 6 months and may be able to apply for a loan of up to £25,000 to help with start-up costs.

The latest NEA figures show that the North West had the highest number of start-ups (16,090), followed by London (12,870) and Yorkshire and Humberside (11,590).

Minister for Employment Damian Hinds said:

As these latest figures show, thousands of people across the country have great business ideas, and are taking the steps to turn them into a reality.

The NEA provides the right mix of expert, tailored advice and support to people of all backgrounds which can be invaluable in the early days of starting a company.

The figures also show that of the individuals launching a business:

• over two thirds were aged between 25 and 49
• 24% were over the age of 50
• 7% were aged between 18 and 24
• 40% were women
• 22% have a self-declared disability
• 13% were from a black and minority ethnic background

Sunderland-based Colin Young, 51, made use of the scheme to launch his business after being made redundant. The NEA helped him start North East Drone Services, a professional drone photography service.

After working as a TV and photography technician for 13 years, I decided to invest in myself with the New Enterprise Allowance.

I met with an adviser who not only helped me with my business plan, but also to plan for any pitfalls that I might not have considered.

The full regional breakdown of figures:

Region	Individuals with an NEA business start (entries are rounded to the nearest 10)
North West	16,090
London	12,870
Yorkshire and Humberside	11,590
West Midlands	10,210
Scotland	9,600
South East	8,040
South West	7,240
East of England	7,210
North East	7,180
Wales	6,130
East Midlands	6,100

105,500 businesses have been set up through the NEA scheme.

The financial support is paid as a weekly allowance of £65 a week for 13 weeks and then £33 for the following 13 weeks (a total of £1,274 over 26 weeks).

Media enquiries for this press release – 020 3267 5124

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