The New Enterprise Allowance (NEA) is a government initiative to help unemployed people plan, develop and start their own business. The initiative worth up to £2,000 per person, includes advisory guidance and practical support to help people who have been on Jobseekers Allowance for more than six months to put together an idea for a business and start trading.
Assistance through the NEA includes:
Participants will first receive guidance from a business mentor to develop a business idea, with continued support through to the early stages of trading.
Once the idea has been developed into a viable business proposition with growth potential, individuals will be able to claim a weekly allowance for three months (approximately equal to the JSA payment), followed by a further three months of payments at half rate.
Businesses requiring start-up capital may also access a loan of up to £1,000.
More information can be found at - https://www.mygov.scot/new-enterprise-allowance-nea/