The Back to Work Enterprise Allowance (BTWEA) scheme encourages people getting certain social welfare payments to become self-employed.
If you take part in the scheme and qualify, you can keep the following portion of your social welfare payment, including increases for a qualified adult and qualified children for a maximum of two years:
Back to Work Enterprise Allowance is a payment made by the department to people aged under 66.
A new applicant should meet with an employment personal adviser, who will conduct a brief initial assessment with you to ascertain your suitability for the scheme in line with your progression plan.
Once this is completed, you will be referred to a local development company (LDC), which will assist you in discussing your options and exploring the viability of your business idea. The LDC will assist with preparing your business plan to outline the new enterprise. Once the plan is completed, it will be returned to the employment personal adviser who will review the proposal and then make a recommendation to the deciding officer.
Once you are accepted into the scheme, your new enterprise can avail of support from the employment personal adviser and mentoring from the LDC over the two years of the scheme.
You can qualify for the scheme if you are:
Discussion from prime minister Rishi Sunak, Labour's Jonathan Reynolds and chancellor Jeremy Hunt.
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