New Enterprise Allowance

Ixion is delivering access to volunteer business mentors as part of the New Enterprise Allowance Contract, providing guidance and support to unemployed people who want to start their own business.

Ixion has been awarded the contracts in three key areas:

  • Essex
  • East Anglia
  • South London

New Enterprise Allowance

If you’re getting Jobseekers Allowance (JSA) and you believe that you have a viable business idea, you can apply for New Enterprise Allowance support.

Speak to Your Jobcentre Plus adviser who can tell you about the help we will provide to support your business venture and refer you to the Ixion New Enterprise Allowance team.

You’ll be given access to a business mentor, who will provide advice and support on becoming self employed & setting up your business, starting to trade and support in the initial trading period.

There are two stages to the NEA program;

Stage One: Up to 8 Weeks for Business Planning supported by Business Advisors, Enterprise Workshops & Volunteer Business Mentors

Stage Two: Commence Trading, customer completes a sign off process with their JCP Advisor to transition from JSA and to start receiving the NEA Financial support.

Once you’ve have completed a business plan and it’s been approved, you can get:

  • a weekly allowance worth up to £1,274 over 26 weeks
  • a loan of up to £1,000 to help with start-up costs

In 2012 Ixion supported 2,100 people on the New Enterprise Allowance program  in taking their business concept through to a completed business plan, of which 1,915 have commenced trading and been supported in the initial trading period.

To find out more, or to request referral to New Enterprise Allowance please speak to your JCP Advisor who will be happy to discuss and help you get started with Ixion.

 For more information visit the Govenment website.

 DWP Announcement

It is vital that we ensure businesses, and those people who find themselves out of work but have the drive and desire to set up their own business, have all the advice, support and mentoring they need. Together we can make the years ahead some of the most dynamic and entrepreneurial in our history.”

David Cameron. Prime Minister

They will be able to access financial support. This will consist of:

  • A weekly allowance worth £1,274 over 26 weeks, paid at £65 a week for the first 13 weeks and £33 a week for a further 13 weeks.
  • The facility to access a loan of up to £1,000 to help with start-up costs, subject to status.
  • The total package of support could be worth up to £2,274 to each participant who starts their own business.

As part of the delivery, Ixion is providing dedicated Business Advisors that can support individuals as they complete their business plan and commence trading, in addition to access to Volunteer Mentors through The Mentor Hive, an online portal that enables our customers to search for a mentor to provide a variety of help across four key areas of Enterprise, Employment, Skills and Well Being.

 Developing Your Enterprise

Customers also have access to our new training course ‘Developing Your Enterprise’ which is fully funded for JCP referrals and NEA customers and provides access to a workshop that will help them complete their Business Plan.

Volunteer Mentors wanted

If you have been in business for a number of years or have business knowledge you wish to share, Ixion would like to invite you to get involved. If you have the energy and commitment to support individuals who are trying to get into business and self employment say yes and Volunteer today.

We are always looking for new mentors.

 Register today at The Mentor Hive




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