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News - 30 August 2013

New Enterprise Allowance Scheme (NEA) helps create 26,000 new businesses.

New figures published on 21 August 2013 show that Entrepreneurial jobseekers have set up more than 26,000 new businesses thanks to a government scheme that helps unemployed people turn their dreams of becoming their own boss into a reality.

Lavinia Newman, founder of ABDS comments:
“There are a wide range of new and exciting enterprises being set up from gourmet chocolate companies to internet games designers, since the NEA was introduced in 2011, with the most recent statistics showing around 2,000 new businesses being set up every month.”

The figures also show that beneficiaries of the scheme come from all ages, with more than 6,000 businesses started by people aged 50 or over – challenging the idea that entrepreneurial zeal is solely a youthful attribute.

Welcoming the announcement, entrepreneurship ambassador, Levi Roots said:
“I am a big fan of the New Enterprise Allowance – it’s a great scheme, which helps people with ideas make the most of their talent.”

By offering expert mentoring support and start up funds it sends a message to those thinking about starting their own business: ‘you’re not alone’.

For a more personal approach, those considering setting up a business contact us at ABDS to offer help and support on a range of issues, including keeping records, VAT registration, National Insurance, starting up a limited company, and PAYE Real Time Information.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail:

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