Business Accountant

Home » Business Funding » Government help to get new businesses started

Government help to get new businesses started

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 7,595 other followers

Archives

Categories

Entrepreneur startup business model

The New Enterprise Allowance can provide money and support to help people start their own business if they get certain benefits and have a business idea that could work.

The scheme has resulted in:

  • around 460 new businesses being set up each week – around 53,000 in total
  • 12,360 businesses being started by people aged 50 or over
  • 10,040 disabled people becoming their own boss
  • 3,920 started by young people

People who don’t qualify for the scheme may be able to get other help with setting up a business.

Business Mentors have a key role to play

The New Enterprise Allowance is available to:

  • people over 18 who are claiming Jobseeker’s Allowance
  • lone parents on Income Support
  • people on Employment and Support Allowance in the work-related activity group

People on the scheme get expert help and advice from a business mentor who will help them to develop their business idea and write a business plan. If the business plan is approved, they are eligible for financial support payable through a weekly allowance over 26 weeks up to a total of £1,274.

There are also Start Up Loans

A government funded scheme to provide advice, business loans and mentoring to startup businesses

steve@bicknells.net


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow Business Accountant on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: