Blog
Benedict Dellot
The New Enterprise Allowance scheme deserves some praise. For those who haven’t heard of it, the NEA helps unemployed people who have been claiming benefits for 26 weeks or more to start up their own business. Anyone with a robust enough proposition is provided with mentorship support, a weekly allowance of around £65 and access to a start-up loan of some £1,000. The employment minister Chris Grayling revealed last week that in just over a year, this NEA support package has already been used by around 4,500 unemployed people to kick-start their own business. According to DWP, this includes film makers, child-minders, hairdressers, web designers, language tutors, plasterers and gardeners, to name but a few.