Starting your own business

New Enterprise Allowance can provide money and support to help people start their own business if you are on one of the following benefits

Jobseeker’s Allowance 

Income Support as a lone parent

Employment and Support Allowance, if you’re in the work-related activity group

A Jobcentre Plus adviser can refer you to the scheme as soon as you get a qualifying benefit

You could get:

loan to help with start up cost

A weekly allowance up to £1,274 paid over 26 weeks

The loan has to be paid back, the allowance does not.

Any money you get does not affect your Housing Benefit, tax credits, Income Tax, or Access to Work grant

 

Support

You could get:

A mentor to help you develop your business idea and write a business plan

Ongoing support from a mentor in the early months of trading

 

How it works

A specialist will assess your business idea and if it has potential you’ll be signed up to the scheme, get financial support and a business mentor

You can’t get the financial support if your business plan isn’t approved

The New Enterprise Allowance campaign is supported by entrepreneur Levi Roots. It aims to encourage more people to consider becoming self-employed as a way to get back into work.  If you would like more information, please ask your Job Centre Plus Advisor or log on to

https://www.gov.uk/government/collections/new-enterprise-allowance-campaign

 

 

 

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