Enterprise Allowance Scheme

[JohnsonandJohnson]

Anyone unemployed for six months and wanting to start their own business will get business mentoring and a financial package worth up to £2000, the Work and Pensions Secretary Iain Duncan Smith announced at the Tory Party conference. "We want to see 10,000 new small businesses by next year," he said.[FONT=&quot]

Launching the New Enterprise Allowance Scheme, Duncan Smith said he wanted to bridge the gap between unemployment and work by offering the jobless cash payments linked to the value of their benefits as they seek to set up a business. At the same time, he said he would work with the voluntary sector to set up business mentoring back-up for those taking advantage of the scheme, while also clearing access to loan finance worth up to £1,000 to be used for buying equipment.

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[BizGurl]

It's basically the same as the 'package' that already exists - the 13 week deal...I think they're just making people wait until 26 weeks instead now. I also read that it's limited to certain parts of the country - those effected by the recession (I thought that was everywhere)...Not sure how true this is?!

 

[mpo38]

Rolling Back The Years, Available in the 80's

Wonder who was in government then