Jobseeker's Allowance claimants aged 18 and over who want to start their own business can get extra help through the New Enterprise Allowance (NEA). This help is available from the first day of their benefit claim in most cases.

From 18 February 2013, lone parents on Income Support, from their first day of benefit claim and Employment and Support Allowance claimants in the Work Related Activity Group aged 18 and over who are receiving support from Job Centre Plus, can also access NEA.

People taking part in Work Programme or Work Choice provision are not eligible for NEA as support with self-employment is delivered by their provider.

Disabled people enrolled in the NEA can now receive additional support through Access to Work to help pay for necessary specialised equipment, support workers and travel costs to get their business started.

Participants will get access to a volunteer business mentor who will provide guidance and support as they develop their business plan and through the early months of trading. Once a participant has had their business plan approved, ended their benefit claim and started trading, they will be able to access financial support.

This will consist of:

A weekly allowance worth £1,274 over 26 weeks, paid at £65 a week for the first 13 weeks and £33 a week for a further 13 weeks, and the facility to access a loan through the Start-up Loan Company to help with start-up costs, subject to status.

For further information contact your local Job Centre or contact NBSL on 01670 844569.

Providers

Register your business as an NBSL provider and stay up to date with the latest funding information.

If you provide business support services like marketing, business planning, human resources or financial planning find out how you could register with us to offer a grant of up to £2800 to your clients for work that you do for them.

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