| People who have been
unemployed for six months and want to
start their own business will be offered
access to business mentoring and financial
support of up to £2,000. The New
Enterprise Allowance was announced by Work
and Pensions Secretary Iain Duncan Smith
at the Conservative conference in October.
Mr Duncan Smith told the conference:
“If you have been unemployed for six
months and want to start your own
business, we want to support you.
“We will provide business mentoring and
a financial package worth up to £2,000 to
get your business up and running. We want
to see 10,000 new small businesses by next
year.”
Mr Duncan Smith pledged to work with
the voluntary sector to set up the
mentoring back-up for those taking
advantage of the scheme.
According to figures from the
Federation of Small Businesses, more than
500,000 people start their own businesses
each year and Britain’s five million small
enterprises – employing between ten and 50
people – contribute 49 per cent of the
national turnover.
LINK:
Starting up in business |
