New Enterprise Allowance (NEA) aims to help unemployed people claiming out of work benefits who wish to start up their own business. Participants in NEA work with a business mentor to develop their business idea. Once they have started trading and left benefits, they receive a weekly allowance.
These statistics record the number of starts where people have begun working with a business mentor and the number of business starts. The main findings are:
- there have been 134,480 starts with an NEA business mentor
- 69,350 have started trading, left benefits and started their own business