New Enterprise Allowance
(asked on 20th June 2014) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how much his Department spent on the new enterprise allowance in each year since the scheme began.
This question was answered on 25th June 2014
Following a trailblazer started in January 2011, New Enterprise Allowance was launched in April 2011 creating 46,000 new businesses between April 2011 and March 2014. Expenditure on New Enterprise Allowance in each year since the scheme began up to March 2014 is
| 2010/11 | 2011/12 | 2012/13 | 2013/14 |
New Enterprise Allowance | £45,600 | £14,384,781 | £38,853,998 | £64,358,727 |
This includes Capital loan payments which will be repaid within three years.