The Department of Work and Pensions have announced great news for unemployed would-be entrepreneurs looking to start-up in 2013 as their New Enterprise Allowance Scheme, which provides financial support and expert coaching to job seekers starting up their own business; will be extended from March 2013 to September 2013.
The extension follows evidence of a ‘strong uptake’ in the programme’s first year. According to official statistics, at the end of May 2012, 8,180 businesses had been set up through the programme.
It was announced that the scheme, delivered by Wenta across Hertfordshire and Bedfordshire, is to be made ‘easier’ too, in a proposal to back those who have the determination to start their own business. The current three month long wait for business mentor support is to be abolished and jobseekers will now be able to access the support instantly, as soon as they start claiming Job Seekers Allowance (JSA). Financial support is to become instantly accessible to those who can produce a viable business plan. The financial support, which is worth more than £1,000 over six months, is to be used to help with start-up costs.
Contact Wenta for more information.