More than 16,000 jobseekers open
businesses in the North West through start up fund
A total of 16,090 people have opened a
business in the North West with the support of the New Enterprise Allowance
(NEA), a fund available to jobseekers with a business idea.
Successful applicants get access to a business mentor, financial support for up
to 6 months and may be able to apply for a loan of up to ₤25,000 to help with
start up costs.
The latest NEA figures show that Liverpool had the highest number of start ups
in the North West (1,760), followed by the Wirral (1,170) and Manchester
The North West also has the highest number of businesses supported by the NEA
when compared to every other region in England.
Minster for Employment Damian Hinds said:- "As these latest figures show,
thousands of people across the North West have great business ideas, and are
taking the steps to turn them into a reality. The NEA provides the right mix of
expert, tailored advice and support to people of all backgrounds which can be
invaluable in the early days of starting a business."
The figures show that of the individuals launching a
Over ⅔ were aged between 25 and 49.
► 24% were over the age of 50.
► 7% were aged between 18 and 24.
► 40% were women.
► 22% have a self declared disability.
► 13% were from a BME background.