A government scheme to get Britain working has allowed more than 26,000 jobseekers to set up their own businesses, according to new figures published this week.
The New Enterprise Allowance (NEA) was introduced in 2011, and offers support to people on benefits to turn their business ideas into successful enterprises. The scheme is currently helping around 2,000 businesses a month to get off the ground.
More than 6,000 of the NEA businesses have been set up by people aged 50 or over, and 4,000 by disabled people.
Mark Hoban, Minister for Employment, said “The New Enterprise Allowance is a great example of the aspiration nation in action: government offering support to people with ideas, as well as the ‘can-do’ attitude to turn them into successful enterprises.”