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New Enterprise Allowance

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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. 

You could:

  • 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.

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