"Many Photos" - Disabled people spearhead job boom with 80 new micro-businesses created every week thanks to new funding

DYNAMIC disabled folk are spearheading a jobs boom by setting up 80 new small businesses EVERY WEEK.

Official figures show 28,000 self-starters have taken advantage of a government scheme to make their dreams of running their own firm a reality.

Getty - Contributor

Official figures show there are more disabled people in the workplace than ever before[/caption]

The entrepreneurs have each received mentoring and funding of up to £25,000 since it was first made available in 2011.

Thousands more budding bosses on benefits will get access to funding, coaching and advice to start their own business after ministers extended their New Enterprise Allowance scheme for two more years.

Of the 126,000 companies created through the scheme since its launch in 2011, a quarter were started by someone with a disability.

The figures come as a fifth of all business owners have a disability, with more disabled people in work than ever before – up nearly a million since 2015.

Employment Minister Alok Sharma said: “Going from being on benefits to being your own boss can change someone’s life. So when people want to make that journey, I want them to have all the help they need.

“And it’s especially encouraging that this scheme is working for people with a disability.

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“The UK has a record breaking jobs market and booming SME culture with over 500,000 more British micro-businesses since 2011. But we will only progress further if everyone can benefit, no matter what barriers they may face.”

Britain’s global reputation for its entrepreneurial spirit has continued after the EU referendum, with over 205,000 more “micro” businesses – those with under 10 employees – in Britain since 2015, a 10 per cent rise.

Micro business numbers have grown at a faster rate than medium and large businesses, helping to boost the record employment rate which has seen 1.3 million more people working in private sector jobs in the same period.

Corbis

Employment Minister Alok Sharma said ‘going from being on benefits to your own boss can change someone’s life’[/caption]

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News Photo Disabled people spearhead job boom with 80 new micro-businesses created every week thanks to new funding
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