New Enterprise Allowance

Work and Pensions written question – answered on 25th June 2014.

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Photo of Stephen Timms Stephen Timms Shadow Minister (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.

Photo of Esther McVey Esther McVey The Minister of State, Department for Work and Pensions

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 shown in the following table.

New enterprise allowance
  £
2010-11 45,600
2011-12 14,384,781
2012-13 38,853,998
2013-14 64,358,727

This includes capital loan payments which will be repaid within three years.

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