More than 8,000 new businesses launched by jobseekers in Wales
Saturday, 9 January 2021 09:54
New figures show between April 2011 and June 2020 more than 8,000
jobseekers in Wales used support from their local Jobcentre and the
New Enterprise Allowance (NEA) scheme, to launch their own
business. The top counties in Wales with the most entrepreneurs
include Cardiff with 960 start-ups; Swansea with 820; and
Carmarthenshire with 670. Launched...Request free trial
New figures show between April 2011 and June 2020 more than
8,000 jobseekers in Wales used support from their local
Jobcentre and the New Enterprise Allowance (NEA) scheme, to
launch their own business.
The top counties in Wales with the most entrepreneurs
include Cardiff with 960 start-ups; Swansea with 820;
and Carmarthenshire with 670.
Launched in 2011, there has been over a quarter of
million NEA starts by unemployed benefit claimants
which has helped turn aspirations into reality,
offering participants a personal business mentor,
weekly living allowance and applicants can apply for
financial backing of up to £25,000 to realise the
ambitions for their start-up.
Wales Office Minister David TC Davies MP said:
The UK Government is committed to backing jobseekers
and business and thousands of people across Wales
have launched their own companies with our support.
Small businesses are key to our economy. Encouraging
entrepreneurship and creating employment are
priorities for the UK Government, driving the
recovery as we build back better from the pandemic.
Minister for Employment
said:
This remains a challenging time for families across
the country but whether people are looking for a new
job or a new source of income, there is hope.
Our Jobcentre staff are there to help and can open
doors to new opportunities, like the support offered
through our New Enterprise Allowance. I’m calling on
all the budding entrepreneurs out there to contact
their work coach and discuss how to make their
business idea a reality.
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