Do you have a good idea for a business?
NEA could give you money and support to help you start your own business. You need to be receiving certain benefits and have a business idea that could work.
Get started with NEA
Speak to your Jobcentre Plus work coach – they will explain how NEA could help you. They will also tell you about the support volunteer business mentors offer in the early months of trading.
Starting or running your own business
You may be able to get New Enterprise Allowance to help you:
- start your own business
- develop your business, if you’re already self-employed
What you’ll get
You’ll get a mentor who’ll give you advice and support to help you set up your business and start to trade.
Once you’ve made a business plan that your mentor has approved, you:
- may get a weekly allowance worth up to £1,274 over 26 weeks
- can apply for a loan to help with start-up costs
Developing your business
If you’re self-employed and getting Universal Credit, you may be able to:
- get a mentor who’ll give you advice and support to help you develop your business
- apply for a start-up loan if your business is less than 2 years old
To find out if you’re eligible for New Enterprise Allowance, contact your work coach by signing in to your Universal Credit account.
If you’re disabled or you have a health condition
You may be able to get extra support through an Access to Work grant.