Tuesday 13 October 2015

New Enterprise Allowance

Fiona Bruce MP:  New Enterprise Allowance helping people in the Congleton Constituency start their own business

Fiona Bruce MP has welcomed new figures showing that 130 people in the Congleton Constituency have been helped off benefits and supported to start their own business thanks to the Government’s New Enterprise Allowance scheme.

The allowance – which supports people on out of work benefits to start their own business – has helped more than 73,000 people across the country set up businesses since it was introduced in April 2011.

The support available to people starts with help from a business mentor to develop their business idea. Then, once they have got the business up and running, and have moved off benefits, they are eligible for 26 weeks of financial support as they get their business going.

Fiona Bruce MP said:
“It’s great news that 130 people in the Congleton Constituency have been helped to get off benefits and realise their dream of starting their own business and being their own boss. Small businesses are a hugely important part of our community and vital to local jobs.
“Supporting small businesses is an important part of our commitment to backing working people. We want everyone in all parts of the country to benefit from the opportunities being created by our growing economy. We are supporting people, regardless of their background or where they are from, who want to work hard and get on. There’s more to do, but these figures show that our support is giving thousands of people the promise of a brighter future. Each new job these businesses secure in this constituency represents another family with the security and dignity of regular work and a regular pay packet.”


ENDS
NOTE TO EDITOR

·         The New Enterprise Allowance (NEA) helps people on out of work benefits start their own business. The scheme, launched in April 2011, aims to help unemployed people claiming out of work benefits who wish to start up their own business. Participants in the NEA work with a business mentor to develop their business idea. Once they have started trading and left benefits, they receive a weekly allowance worth a total of £1,274 over 26 weeks to help them get their business going (DWP, New Enterprise Allowance: April 2011 to June 2015, 23 September 2015, link).

·         More than 73,000 people have started a business under the scheme since it was introduced. Over the past year nearly 1,500 businesses a month have been started by people moving off benefits and becoming their own boss

o   17,140 businesses started by people aged 50 and over
o   5,440 businesses started by people under 25
o   14,530 businesses started by people with a disability

(DWP, New Enterprise Allowance: April 2011 to June 2015, 23 September 2015, link).

·         Businesses have created almost 2.5 million new jobs since Labour were in power. The private sector has created over five jobs for every one job lost in the public sector since 2010 (ONS, MFZ2, 16 September 2015, link).

·         And 703,100 fewer people are claiming Jobseekers’ Allowance and Universal Credit-not in work (ONS, Regional Labour Market, 16 September 2015, link; nomis, accessed 16 September 2015, link; DWP, Universal Credit: 29 Apr 2013 to 3 September 2015, 16 September 2015, link).

CONSTITUENCY FIGURES

·         On 23 September 2015 DWP released constituency statistics for the New Enterprise Allowance. Figures are rounded to the nearest 10 (DWP, New Enterprise Allowance: April 2011 to June 2015, 23 September 2015, link).



Mentor starts since April 2011
Business starts since April 2011
Total
144,140
73,290
Congleton
210
130