New Enterprise Allowance
New Enterprise Allowance could give you money and support to help you start your own business. You need to be receiving certain benefits and have a business idea that could work.
If a person is unemployed, the new Enterprise Allowance Scheme provides money and support to help start a business. Gov.UK have prepapred a wealth of information including videos, case studies and promotional material about helping unemployed people become self-employed.
- get a business mentor to help you develop your business idea and start trading
- get a weekly allowance paid for up to 26 weeks (up to a total of £1,274)
- apply for a loan to help with start up costs
The loan has to be paid back, the allowance doesn’t.
A specialist will assess your business idea. If it has potential you’ll be signed up to the scheme and get a business mentor.
Eligibility and suitability criteria apply.