Richard Benyon: New Enterprise Allowance helping people in Newbury start their own business

Richard Benyon, Member of Parliament for Newbury, has welcomed new figures that show 20 people in Newbury have been helped off benefits and supported to start their own business, thanks to the Government’s New Enterprise Allowance scheme.

The allowance, which supports people on out of work benefits to start their own business, has helped more than 73,000 people nationwide since its introduction in April 2011.

Richard said: “I want everyone in Britain to benefit from the opportunities being created by our growing economy. Supporting small businesses is an important part of backing working people. This scheme rewards vision and hard graft. I congratulate all those who have benefited in the Newbury constituency”.

He continued: “More broadly, corporation tax has been lowered to 20 per cent and will reach 18 per cent by 2020, red tape continues to be cut and the Employment Allowance, which reduces employers’ National Insurance bills and makes it cheaper to take on staff, will also increase to £3000 next year. These are all bold measures designed to ensure Britain keeps growing”.