New Enterprise Allowance - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

New Enterprise Allowance

PrernaK Avatar
2y, 5m agoPosted 2 years, 5 months ago
New Enterprise Allowance can provide money and support to help you start your own business if you're getting certain benefits. Contact Jobcentre Plus to apply or find out more.

Organiser
Jobcentre Plus

Eligibility
You must be aged 18 or over, have a business idea and get one of the following benefits:

-- Jobseeker’s Allowance
-- 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.

You don’t qualify if you’re part of the Work Programme, but you can still get help setting up a business elsewhere.

Help you can get

- Finance

You could:

-- get a weekly allowance paid for up to 26 weeks (up to a total of £1,274)
-- apply for loan to help with start-up costs
The loan has to be paid back, the allowance does not.

Any money you get does not affect your Housing Benefit, tax credits, Income Tax, or Access to Work grant.

- Support

You could get:

-- a mentor to help you develop your business idea and write a business plan
-- ongoing support from a mentor in the early months of trading

How it works

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
-- your mentor will help you write a business plan

You’ll be able to claim financial support if:

-- your business plan is approved
-- you start working at your business for 16 hours or more per week

The Department for Work and Pensions has more information about the New Enterprise Allowance.
PrernaK Avatar
2y, 5m agoPosted 2 years, 5 months ago
Options

All Comments

(1) Jump to unreadPost a comment
Comments/page:
#1
I've been an enterprising job seeker for years! If anything you don't want to tell them about it!

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!