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What Grants are available for starting a business?


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I should be very grateful if anyone could let me know what grants / funds are available for someone on JSA, who may now be in position to start a new business.

 

I have been signing on since last Summer, receive no benefit now, as such, and am only signing on for the National Insurance contributions.

 

I have been verbally advised that there are funds available, such as:

 

- The JobCentre will pay £50 per week for 16 weeks.

- They will pay for training/exams - although I have been told this is for very basic stuff, whereas I should like to know if it will cover quasi-'professional' exams/subsciptions.

- There are even funds available to help buy a suit.

 

It is very early days, but I have my first two jobs and am meeting a potential third next week. The hours are rather random and the fees are not enough, yet, to reply upon, but would be welcome pin money, as I am a full-time Dad looking after three young children. My wife works full-time and wishes to continue doing so, for now.

 

What happens in 16 weeks too, for if the new business works, it may be some time before I can rely upon the income anyway.

 

Will I be eligible for JSA again if it comes to nothing (as payment of JSA later seems unlikely)? Or do I sign back on for NI contributions only?

 

I am receiving conflicting information and am going to see the JobCentre next week, but forewarned is forearmed :-) Also, I fully appreciate that questions may raise further questions, but any help and guidance will be much appreciated.

As for me, happy to help out. I am not a Landlord, but I have been in the past. I am not an Agent, but I have been in the past. I am, therefore, a has been, so always seek independent and suitably qualified advice elsewhere before relying upon whatever has been posted here :-)

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Many thanks for replying so quickly. I have had a quick look and will look in more detail once the kids are in bed!

 

In addition to what I may read later, my questions, I suppose, are :

 

a) what can the JobCentre offer, if anything, by way of 'back to work' assistance?

 

b) what happens at the end of 16 weeks (after the possible payment of £50 per week for 16 weeks that was verbally mentioned by a member of JC staff) i.e. do I need to sign back on if the work that is coming through does not continue?

 

Typed at haste, but hope that makes some sense.

 

I would add that I was approached to undertake work and it has transpired that there is value in what I can do (which is nice to know, or, at least, have confirmed :-)) but it IS in it's very early stages. I have one Client already, who has passed me two jobs, with a possible second Client to see next week.

 

With 3 young children to help support I need to make the most of the opportunities that have arisen, without prejudicing NI contributions / any later entitlement to JSA / State Pension and so on.

 

May well edit this post later, as typed at haste, but hope it clear enough for now to receive further comment - for which thanks (again) in advance.

As for me, happy to help out. I am not a Landlord, but I have been in the past. I am not an Agent, but I have been in the past. I am, therefore, a has been, so always seek independent and suitably qualified advice elsewhere before relying upon whatever has been posted here :-)

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Hi I started a business 11 years ago ,made some bad mistakes but still here.

Contact business link there will be one in your area, they will have a specialist person who can help you.

Make sure you have cash flow if you are starting your business very important.

Make sure you have a solid business plan

Contact banks to get best possible business account, with no "Charges" you will find one

Make sure you check all advice given . "Do not take it has read if someone says thats what you do " Check check and then double check. People are all experts, Because it is not here money!

Think and plan were you want to be in week 1 week 2 month 1 month 2 year 1.

Set goals very important.

Trust no one very important

Be careful of Mr Nice ,friends of friends do your research these are the worst people manupulators be careful.

You are in business do your reasearch.

Hope this helps PM if you need any help.

Good luck take care

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Thanks for your reply, much appreciated

 

I suppose my focus in posting these messages has been to not upset my dealings with the JobCentre too much

 

Reading your post, however, makes me realise that the JobCentre paperwork is probably not worth worrying about too much at present - ESPECIALLY as I got in this evening from seeing the "possible second Client to see next week" and it seems I may now have a further Client :)

 

Will think on what you have said and hope to post again when the hour is more reasonable

 

Thanks again for your reply though, much to think about, but much appreciated!

As for me, happy to help out. I am not a Landlord, but I have been in the past. I am not an Agent, but I have been in the past. I am, therefore, a has been, so always seek independent and suitably qualified advice elsewhere before relying upon whatever has been posted here :-)

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