The New Enterprise Allowance can provide money and support to help you start your own business if you're getting certain benefits.
A specialist will assess your business idea and if it has potential you'll be signed up to the scheme and get a business mentor who will help develop your business idea and help you write a business plan. You will also get ongoing support from a mentor in the early months of trading.
You'll be able to claim financial support if your business plan is approved and you start working at your business for 16 hours or more per week.
- 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. Any money you get doesn't affect your Housing Benefit, tax credits, Income Tax, or Access to Work grant.
You must be aged 18 or over, have a business idea and get one of the following benefits:
- Jobseeker's Allowance; for three months or more
- 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.
Contact Jobcentre Plus to apply or find out more.