Quarter of New Enterprise Allowance start-ups 'should be social enterprises'
Of the 40,000 start-ups expected to be created under the government's new scheme to turn the unemployed into entrepreneurs, 10,000 should be developed as social enterprise businesses, a lobby group has said.
Ceri Jones, head of policy at the Social Enterprise Coalition (SEC), said the New Enterprise Allowance (NEA), details of which were unveiled today, is "a very real opportunity for the government to support the growth of the social enterprise business community".
Ministers claim that up to 40,000 new businesses will be created out of the initiative which provides financial support and mentoring for unemployed people to start a company. SEC said 10,000 of those firms should have social aims.