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PARLIAMENTARY WRITTEN QUESTION
New Enterprise Allowance (20 June 2014)

Question Asked

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.

Asked by:
Sir Stephen Timms (Labour)

Answer

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

2010/11

2011/12

2012/13

2013/14

New Enterprise Allowance

£45,600

£14,384,781

£38,853,998

£64,358,727

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


Answered by:
Esther McVey (Conservative)
25 June 2014

Contains Parliamentary information licensed under the Open Parliament Licence v3.0.