New Enterprise Allowance can provide money and support to help people start their own business if they're receiving certain benefits.
Applicants must be aged 18 or over, have a business idea and either they or their partner must get one of the following benefits:
- Jobseeker's Allowance.
- Employment and Support Allowance.
- Income Support (for lone parents or people who are sick).
- Universal Credit (in some cases).
Jobcentre Plus work coaches can check eligibility and make referrals to the scheme.
Help is available:
As well as having a mentor, successful applicants could also:
- 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.
Any money paid doesn't affect Housing Benefit, Tax Credits, Income Tax, Universal Credit or Access to Work grant.