New Enterprise Allowance: 120 business start-ups
|June 13, 2012||Filled under Business, East Riding of Yorkshire Council, Employment, Holderness, Hull|
A SCHEME to help unemployed people start their own business is proving a hit in the East Riding and East Hull with over 120 new businesses being set up.
The New Enterprise Allowance (NEA) is part of the government’s back-to-work programme targeted at those who have been unemployed and claiming Jobseeker’s Allowance for more than six months. The programme offers support and mentoring to those considering self employment.
Under the NEA an allowance is paid to participants of £65 for 13 weeks, and then £33 for a subsequent 13 weeks (a total of £1,274 over 26 weeks) which replaces Jobseeker’s Allowance while the business develops. A loan of up to £1,000, with generous repayment terms, is also available to help new entrepreneurs with capital and start-up costs.
In East Hull and Holderness then the NEA support and mentoring role is undertaken by the Hedon-based Sirius Business Advice Centre. It has helped over 70 businesses to start-up in the area. Sirius also run FREE Book keeping and Marketing workshops for any business in the area that wishes to benefit.
The East Riding Council’s business services team delivers the NEA in the rest of the East Riding, and they have helped more than 50 businesses start-up. The Government estimates that the NEA will support the creation of up to 40,000 new businesses across the UK by March 2013.
If you have been getting Jobseeker’s Allowance for over six months, have a business idea, and are interested in finding out more about New Enterprise Allowance, talk to your Jobcentre Plus adviser in the first instance.
Are you already on the New Enterprise Allowance, or been on it? Do you have experiences to share? Leave a comment below.