New Enterprise Allowance
New Enterprise Allowance can provide money and support to help you start your own business if you’re getting certain benefits.
You must be aged 18 or over, have a business idea and get one of the following benefits:
- Jobseeker’s Allowance (or your partner does)
- Employment and Support Allowance (or your partner does)
- Income Support, if you’re a lone parent or you’re sick
- You may also be eligible if you get Universal Credit.
- 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
The loan has to be paid back, the allowance doesn’t. Any money you get doesn’t affect your Housing Benefit, tax credits, Income Tax, Universal Credit or Access to Work grant.
You could get a business mentor who will:
- help you develop your business idea
- support you to start trading
How it works
A specialist will assess your business idea. If it has potential you’ll be signed up to the scheme and get a business mentor.
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