Enterprise Allowance Scheme

British  

noun

1. (in Britain) a scheme to provide a weekly allowance to an unemployed person who wishes to set up a business and is willing to invest a specified amount in it during its first year

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Example Sentences

I applied to Thatcher’s Enterprise Allowance Scheme, and was given £40 a week.

From The Guardian

The group signed up to Margaret Thatcher's Enterprise Allowance Scheme, each taking home £40 a week to help fund their circus business, along with help from family and friends.

From BBC

The DWP argues that it does offer support through their New Enterprise Allowance scheme, which gives mentoring to would-be disabled entrepreneurs, while allowing them to claim existing benefits such as Jobseeker's Allowance or Employment Support Allowance.

From BBC

But until the fateful day in 1991 when she bumped into Barrow at an Enterprise Allowance scheme induction day, her quest for potential collaborators had been a thankless one.

From The Guardian

Supersonic by Oasis Thatcher's efforts to reduce unemployment gave rise to the enterprise allowance scheme – a £40 a week handout that helped kickstart labels such as Alan McGee's Creation Records.

From The Guardian