New Enterprise Incentive Scheme
About NEIS
New Enterprise Incentive Scheme
NEIS is a great initiative of the Federal Government that provides assistance to Centrelink clients who are looking to become independently supported. NEIS gives you small business training, income support and advice during the first year of your business, and will help you to develop the skills and plan needed to ensure that your business can survive and grow.
Operating since 1985, it is one of Australia's most successful employment projects, with the single goal of helping individuals create profitable, sustainable businesses. More than 100,000 individuals have completed the program, and more than 80% of businesses are still operating after the first 15 months.
This Help Includes:
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training in small business management, business skills and business plan development
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income support for up to 52 weeks
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business advice and mentor support during the first year of business operation
As part of your training, NEIS will help you develop a business plan, which needs to be approved before you can start your business with NEIS assistance.
Will It Cost Me Anything?
While the training is funded by the Commonwealth Government, you may incur some minor costs associated with travel (for training) and publishing your business plan.
Eligibility for NEIS
To participate in NEIS you must:
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be 18 years or older
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be receiving a qualifying income support payment from Centrelink or the Department of Employment and Workplace Relations (DEWR)
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be available to train and work full-time in the business
To confirm your eligibility please contact Business Growth Centre.
Your business must:
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not have operated on a commercial basis before
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be independent, lawful and reputable
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not compete directly with an existing business, unless it can be demonstrated that there is an unsatisfied demand for the products/service, or the products/service are to be provided in a new way
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not involve the purchase or takeover of an existing business
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be established, located and operated solely within Australia
To discuss if your business idea is eligible, please contact Business Growth Centre.
How Do I Apply?
Contact Business Growth Centre on 02 4942 3133
