The Business & Enterprise Group, one of the UK’s leading specialists in business improvement, enterprise and economic development, has won a major contract to deliver a key Government initiative aimed at kick-starting the economy.
The ‘New Ent
erprise Allowance’ (NEA) Loan Service will be delivered with our lead partner firm GLE Group in Scotland, Wales and London on behalf of the Department for Work and Pensions.
And, with NEA high on the Government’s political agenda as its flagship enterprise initiative, Chief Executive of the Business & Enterprise Group Alastair MacColl, says it is
great news for the expanding company.
“We have developed a comprehensive portfolio of services- tailored to meet the specific need of businesses – and are delighted to have won this high profile contract. It reinforces our national capacity and adds to a series of recent successes for us.
“This new contract expands our role in the regions and enables us to help more people who have great ideas for new businesses to get them off the ground, creating economic growth and jobs.
“Our experience in this field is vast and we believe that coupled with GLE’s expertise, together we are the right people to help get the most out of this scheme, which is designed to promote self-employment to those who are unemployed.”
The Business & Enterprise Group is a rapidly growing UK-wide company working for household name clients such as Marks and Spencer, Heathrow
Airport, United Utilities and NPower and this work on behalf of the Department of Work and Pensions adds to the list of prestigious clients.
The NEA front-end of the Loan Service will be delivered by the Business & Enterprise Group’s Investment Centre which last year alone delivered funding contracts worth just under £12million to over 3,700 firms.
The New Enterprise Allowance is available to those who have been claiming jobseekers allowance for six months or more. It will provide access to business mentoring, financial support and help with capital start up costs via £1,000 loans.
Applicants will have to be able to demonstrate their business is viable and has potential for growth to be eligible for the NEA Loan.