Out-of-work entrepreneurs: government scheme reaches 50,000 milestone

More than 53,000 new businesses have been set up thanks to a government scheme which helps people on benefits become their own boss – an average of 460 every week over the last year.

As part of the government’s long-term economic plan to create jobs by backing small business and enterprise, the New Enterprise Allowance (NEA) has helped jobseekers of all ages, lone parents and people on sickness benefits to turn their entrepreneurial dreams into a reality.

The scheme provides jobseekers with start-up help and advice from a business mentor and financial support payable through a weekly allowance. Participants can also access a loan through the BIS start-up loan scheme.

Read more about it at www.gov.uk

Source ~ www.gov.uk 29/09/2014