Scheme turns 40,000 benefit seekers into entrepreneurs

The New Enterprise Allowance (NEA) is part of the government’s economic plan to back small businesses, offering mentoring and financial support to people on Jobseeker’s Allowance, sickness benefits and lone parents.

Around 2,000 people have started their own business every month through the scheme in the last year, ranging from weight loss coaching and a vegan restaurant to a building firm and wedding services.

Minister for employment Esther McVey said: Small businesses are the heartbeat of the continuing success of the country, so it’s great that tens of thousands of budding entrepreneurs have been helped to make their dreams of becoming their own boss a reality.

The NEA is available to people over 18 who are claiming Jobseekers Allowance, lone parents on Income Support, or people on Employment and Support Allowance in the work-related activity group.

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