Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment his Department has made of the effectiveness of the New Enterprise Allowance in achieving its aims.

Latest statistics show that 80,830 new businesses have been set up with the support of the New Enterprise Allowance (NEA).

A survey of NEA recipients was published in January 2016 and found that of businesses that had started trading following receipt of NEA support, four in five were still trading giving a sustainability rate of 80%. Of these, over nine in ten had been trading for over 12 months.

This report was published on 28 January and can be accessed here: https://www.gov.uk/government/publications/new-enterprise-allowance-survey.