New Enterprise Allowance Scheme
Partnership with Sheerness Job Centre Plus
Innov8 On Sheppey has been working with the Job Centre Plus, in Sheerness, to identify people with potential business ideas. So far we have held initial consultations with over a dozen people and already have 6 people in the early stages of the New Enterprise Allowance (NEA) application process, with more to follow.
For those that qualify (see below) the NEA scheme offers you the chance to work on developing your business idea and obtain additional financial support to get your idea off the ground. You can receive up to £1274 in additional weekly allowance (paid over 26 weeks) and you can apply for a government backed loan to help with startup costs.
You must be aged 18 or over, have a business idea and get one of the following benefits:
Income Support as a lone parent
Employment and Support Allowance, if you’re in the work-related activity group
A Jobcentre Plus adviser can refer you to the scheme as soon as you get a qualifying benefit.
You don’t qualify if you’re part of the Work Programme, but you can still get free help setting up a business from Innov8 On Sheppey.