£2,000 grants for unemployed to set up their own business

Then this might be the right time for you to consider getting your services registered with the appropriate government departments. If you are a training organisation who can offer real training to the unemployed who want to set up a small business then take note of what is to come.

Iain Duncan Smith unveils £2,000 grants for unemployed to set up their own businesses

Posted by Daily Mail Reporter on Wednesday, October 6th, 2010 at 6:30 am.

People who have been unemployed for more than six months could be given support to set up their own business under a plan unveiled by Iain Duncan Smith.


People who have been unemployed for more than six months could be given support to set up their own business under a plan unveiled by Iain Duncan Smith.
Iain Duncan Smith unveils £2,000 grants for unemployed to set up their own businesses

People who have been unemployed for more than six months could be given support to set up their own business under a plan unveiled by Iain Duncan Smith.

Mentoring and a package of financial support worth up to £2,000 would be available under the New Enterprise Allowance to get a firm up and running.

The Work and Pensions Secretary told the Conservative Party conference he hoped 10,000 small firms would be set up by next year under the scheme.

The plan was announced as part of the radical shake-up of the welfare system being put in place by Mr Duncan Smith, who claimed the Conservative Party had 'concern for the poor running through its DNA'.

He told activists in Birmingham that he wanted a 'welfare contract' with the British people, promising support for the vulnerable matched with responsibility for ensuring money is only going to those who need it.

Mr Duncan Smith confirmed the new 'universal credit' would replace the 'complex, outdated and wildly expensive benefits system'.

He said it would be 'a real time system which will also help cut the cost of fraud and error' and added: 'Our implementation of the Credit alongside the comprehensive work programme will make sure that everyone out of work will be given the greatest support to find work and every financial incentive to stay in work, because work will pay.'

Turning to the new small business plan Mr Duncan Smith said: 'If you have been unemployed for six months and want to start your own business we want to support you.

'We will provide business mentoring and a financial package worth up to £2,000 to get your business up and running. We want to see 10,000 new small businesses by next year.'

He added: 'This is the biggest reform of the welfare system in a generation. No longer will they be able to say it isn't worth their while going to work.'

But the unemployed 'will have to play their part,' he said, adding: 'We have the right to insist that when work is available you take that work and work hard to keep that job.

'For those who want to choose to be out of work under this government this will no longer be an option.'

But he said those who were sick, disabled or retired had 'nothing to fear' under the reforms.

The final part of Mr Duncan Smith's 'contract' was with the British taxpayers, he said.

'I want to look every taxpayer in the eye and be able to say that their money is either going to people who are on the path back to independence or their money is going to people who, without question, deserve society's care,' he told party activists.

>> For The Mail on Sunday's Enterprise Zone small business tweets follow @smallbizzone

Tags: Iain Duncan Smith, Mentoring, small business funding, small businesses, Starting a Business, unemployment

Jeff Mowatt

jeffmowatt-232748

£2,000 grants for unemployed to set up their own business

Reminding me once more of my efforts to raise interest in a business development hub When support for business is driven by the aspirations of politicians for reputation and advancement we get nowhere other than spending the money we pay in tax to no effect. In an interview posted in 2004 my colleague describes how he was able to leverage investment that created around 10,000 micro enterprises. USAID who managed the project had placed faith in the use of these one-stop shops to guide those unfamiliar through setting up and managing small business. http://www.iccrimea.org/scholarly/economicdev.html

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Alan Rae - Business Communicator

alan-rae-50531

BOHICA

omigod - it's coming round again I seem to remember the Tories pulling this stunt last time the economy went seriously flaky in the early 80s after they'd doubled the VAT rate and destroyed 25% of the economy didn't work then - doubt it will work now BOHICA btw stands for bend over here it comes again sorry to be a neg Alan Alan Rae / Company Doctor . How to do Business Channel / How to do Business Club Horticultural Workforce Champion/The Intelligent Garden

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Zara Lockwood

zaralockwood-48406

£2,000 grants for unemployed to set up their own business

I think the system into business needs changing, not sure how much good these grants will do without support - I think the tax system needs sorting out first example: - people that belong to affliate programs or are sales reps for mlm, network marketing or direct sales that work on a commission only basis should be given a way to be able to declare their commission like a part-time employed person does AND/OR the big businesses that recruit 'self employed' business owners/sales reps should be held liable/ responsible for handing over this information - the benefit of this would be only people that are earning enough to pay tax would be liable to fill out forms, and more people would come off the cash in hand culture that is encouraged by upline managers of such businesses -they encourage it because most people don't even earn the minium wage being self employed, while this benefits the BIG business (as in we don't tell the tax man wink,wink -not our problem) it does nothing to empower the person that maybe running a loss and getting saddled with tax forms in exchange for the dubious title bestowed on them via recruitment marketing - as in be your own boss, be with your kids more, you don't want a JOB - Just Over Broke spin. On Facebook: Zara's Coffee Page on Facebook | Zara's Weston-super-Mare Facebook Page Click button to contact Zara, no account or stars required.Powered by 123ContactForm All Stars Welcome- My Live Chat Room

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