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East of England entrepreneurs open over 7,300 businesses

27 Sep East of England entrepreneurs open over 7,300 businesses

7,340 ambitious entrepreneurs across the East of England have opened a business with support of the New Enterprise Allowance (NEA), a scheme to help jobseekers with a business idea.

Minster for Employment Damian Hinds welcomed the news saying “The East of England is full of budding business owners, and the NEA provides a brilliant mix of advice and support to people just starting out. Anyone out of work with a business idea can visit their local Jobcentre Plus and find out more.”

Those wishing to take advantage of the NEA must go through an application process, with successful applicants receiving a business mentor, financial support for up to six months and the opportunity to apply for a loan of up to £25,000 to help with start-up costs.

The latest NEA figures show that the entrepreneur capital of the East of England was Southend-on-Sea which had the highest number of start-ups (350), followed by Central Bedfordshire (320) and Luton (290).

Aaron Clayton from Norwich who benefitted from the scheme launched CHOOSE NanoTech UK, a company offering ceramic coating solutions, including waterproofing, corrosion protection and maintenance-reduction.