September 13, 2013
The Government has announced new financial support worth £69 million to enable more British entrepreneurs to start their own businesses.
Prime minister David Cameron said the funding could create tens of thousands of new businesses, providing jobs and boosting the economy. Over 30,000 new businesses have been created with support from government schemes in the past two years.
The new support package includes:
David Cameron said: "In the last two years we have helped tens of thousands of people to turn their ideas into a viable business, and this additional support will help thousands more.
"My message is simple: if you have drive, determination and are prepared to work hard, we will back you. The number of people in the UK involved in setting up or running a new business has increased in recent years and the government wants to ensure that continues."
The New Enterprise Allowance offers expert business mentoring and financial support to people living on benefits. The most recent figures (published August 2013) show that beneficiaries of the New Enterprise Allowance represent all ages, with more than 6,000 businesses started by people aged 50 or over. Almost 4,500 disabled people were also helped by the scheme to become their own boss.