It’s aimed at supporting eligible claimants who wish to start or develop their own business.
If you are over the age of 18, are unemployed and considering self-employment then NEA could be for you. If this is something you are interested in, there are a couple of steps you can take in order to make a start.
our Job Centre will need to check your eligibility for the programme and then refer you to attend a meeting with a business advisor to assess your business idea.
If this is proven to be the best route for you, a business mentor will be assigned to help you develop a business plan over an eight week period.
If you decide to begin trading after you have completed and had your business plan approved, you will be eligible for a New Enterprise Allowance of:
• £65 per week for 13 weeks of trading
• £33 per week for a further 13 weeks
You will also be given the opportunity to access a start-up loan (subject to terms and conditions) to get your business up and running and you will receive on-going support throughout your first six months of trading to ensure your business gets of to a flying start.
The North East access to finance guide is a useful source, visit www.nea2fguide.co.uk