{"id":81988,"date":"2017-06-28T08:56:00","date_gmt":"2017-06-28T08:56:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=fddd461a1f68ca9bc651c907d675785f"},"modified":"2017-06-28T08:56:00","modified_gmt":"2017-06-28T08:56:00","slug":"press-release-more-than-105000-businesses-helped-through-start-up-fund","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=81988","title":{"rendered":"Press release: More than 105,000 businesses helped through start-up fund"},"content":{"rendered":"<div class=\"govspeak\">\n<p>More than 105,000 businesses have been launched with the support from the New Enterprise Allowance (<abbr title=\"New Enterprise Allowance\">NEA<\/abbr>), a fund available to jobseekers with a business idea.<\/p>\n<p>Successful applicants get access to a business mentor, financial support for up to 6 months and may be able to apply for a loan of up to \u00a325,000 to help with start-up costs.<\/p>\n<p>The latest <abbr title=\"New Enterprise Allowance\">NEA<\/abbr> figures show that the North West had the highest number of start-ups (16,090), followed by London (12,870) and Yorkshire and Humberside (11,590).<\/p>\n<p>Minister for Employment Damian Hinds said:<\/p>\n<blockquote>\n<p>As these latest figures show, thousands of people across the country have great business ideas, and are taking the steps to turn them into a reality.<\/p>\n<p class=\"last-child\">The <abbr title=\"New Enterprise Allowance\">NEA<\/abbr> provides the right mix of expert, tailored advice and support to people of all backgrounds which can be invaluable in the early days of starting a company.<\/p>\n<\/blockquote>\n<p>The figures also show that of the individuals launching a business:<\/p>\n<ul>\n<li>over two thirds were aged between 25 and 49<\/li>\n<li>24% were over the age of 50<\/li>\n<li>7% were aged between 18 and 24<\/li>\n<li>40% were women<\/li>\n<li>22% have a self-declared disability<\/li>\n<li>13% were from a black and minority ethnic background<\/li>\n<\/ul>\n<p>Sunderland-based Colin Young, 51, made use of the scheme to launch his business after being made redundant. The <abbr title=\"New Enterprise Allowance\">NEA<\/abbr> helped him start North East Drone Services, a professional drone photography service.<\/p>\n<blockquote>\n<p>After working as a TV and photography technician for 13 years, I decided to invest in myself with the New Enterprise Allowance.<\/p>\n<p class=\"last-child\">I met with an adviser who not only helped me with my business plan, but also to plan for any pitfalls that I might not have considered.<\/p>\n<\/blockquote>\n<figure class=\"image embedded\">\n<div class=\"img\"><img decoding=\"async\" alt=\"Colin Young\" src=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/image_data\/file\/64566\/nea-colin-young.png\"><\/div>\n<\/figure>\n<div class=\"call-to-action\">\n<p>Read the full <a href=\"https:\/\/www.gov.uk\/government\/statistics\/new-enterprise-allowance-april-2011-to-march-2017\">New Enterprise Allowance statistics<\/a>.<\/p>\n<\/div>\n<h2 id=\"about-the-nea-statistics\">About the <abbr title=\"New Enterprise Allowance\">NEA<\/abbr> statistics<\/h2>\n<p>The full regional breakdown of figures:<\/p>\n<table>\n<thead>\n<tr>\n<th>Region<\/th>\n<th>Individuals with an <abbr title=\"New Enterprise Allowance\">NEA<\/abbr> business start (entries are rounded to the nearest 10)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>North West<\/td>\n<td>16,090<\/td>\n<\/tr>\n<tr>\n<td>London<\/td>\n<td>12,870<\/td>\n<\/tr>\n<tr>\n<td>Yorkshire and Humberside<\/td>\n<td>11,590<\/td>\n<\/tr>\n<tr>\n<td>West Midlands<\/td>\n<td>10,210<\/td>\n<\/tr>\n<tr>\n<td>Scotland<\/td>\n<td>9,600<\/td>\n<\/tr>\n<tr>\n<td>South East<\/td>\n<td>8,040<\/td>\n<\/tr>\n<tr>\n<td>South West<\/td>\n<td>7,240<\/td>\n<\/tr>\n<tr>\n<td>East of England<\/td>\n<td>7,210<\/td>\n<\/tr>\n<tr>\n<td>North East<\/td>\n<td>7,180<\/td>\n<\/tr>\n<tr>\n<td>Wales<\/td>\n<td>6,130<\/td>\n<\/tr>\n<tr>\n<td>East Midlands<\/td>\n<td>6,100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>105,500 businesses have been set up through the <abbr title=\"New Enterprise Allowance\">NEA<\/abbr> scheme.<\/p>\n<p>The financial support is paid as a weekly allowance of \u00a365 a week for 13 weeks and then \u00a333 for the following 13 weeks (a total of \u00a31,274 over 26 weeks).<\/p>\n<div class=\"call-to-action\">\n<p>Read more about <a href=\"https:\/\/www.gov.uk\/new-enterprise-allowance\">New Enterprise Allowance<\/a><\/p>\n<\/div>\n<h2 id=\"contact-press-office\">Contact Press Office<\/h2>\n<p>Media enquiries for this press release \u2013 020 3267 5124<\/p>\n<div class=\"contact postal-address\" id=\"contact_827\">\n<div class=\"content\">\n<h3>Press Office<\/h3>\n<div class=\"vcard contact-inner\">\n<p class=\"adr\">\n<span class=\"street-address\">Caxton House<br \/>\n<br \/>\nTothill Street<\/span><br \/>\n<span class=\"locality\">London<\/span><br \/>\n<span class=\"postal-code\">SW1H 9NA<\/span>\n<\/p>\n<div class=\"email-url-number\">\n<p class=\"tel\">\n              <span class=\"type\">London Press Office (national media and London area enquiries only \u2013 not questions about personal claims)<\/span><br \/>\n              020 3267 5144\n            <\/p>\n<p class=\"tel\">\n              <span class=\"type\">Out-of-hours (journalists only)<\/span><br \/>\n              076 59 108 883\n            <\/p>\n<p class=\"tel\">\n              <span class=\"type\">England and Wales (local media enquiries)<\/span><br \/>\n              029 20 586 then 097 or 098 or 099\n            <\/p>\n<p class=\"tel\">\n              <span class=\"type\">Scotland (local media enquiries)<\/span><br \/>\n              0131 310 1122\n            <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Follow DWP on:<\/p>\n<ul>\n<li>Twitter \u2013 <a rel=\"external\" href=\"http:\/\/www.twitter.com\/dwppressoffice\">www.twitter.com\/dwppressoffice<\/a>\n<\/li>\n<li>Facebook \u2013 <a rel=\"external\" href=\"http:\/\/www.facebook.com\/dwp\">www.facebook.com\/dwp<\/a>\n<\/li>\n<li>LinkedIn \u2013 <a rel=\"external\" href=\"http:\/\/www.linkedin.com\/company\/dwp\">www.linkedin.com\/company\/dwp<\/a>\n<\/li>\n<li>YouTube \u2013 <a rel=\"external\" href=\"http:\/\/www.youtube.com\/dwp\">www.youtube.com\/dwp<\/a>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Latest statistics show New Enterprise Allowance (NEA), a fund for jobseekers with a business idea, helped launch over 105,000 businesses.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/81988"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81988"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/81988\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}