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New scheme to turn jobseekers into entrepreneurs

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Mon, 11/10/2010

Plans for a New Enterprise Allowance to help the unemployed start their own business will ‘put the Big Society into practice’, according to the government.

The New Enterprise Allowance will be available to people claiming Jobseeker's Allowance for more than six months in parts of the country where the recession is hitting hardest. The government hopes the scheme will kick-start 10,000 new businesses by the end of next year.

The package of support could be worth more than £2000 and will see the government working with the voluntary sector to ensure jobseekers access help from experienced business mentors to develop their business idea.

Source: New Start