The Encouraging Entrepreneurship and Self-Employment Initiative will assist young people to create their own job by starting a small business.
The Encouraging Entrepreneurship and Self-Employment Initiative will support Australians, particularly young people, who want to start their own business. Four key measures make up the Encouraging Entrepreneurship and Self-Employment Initiative, which is part of the broader Youth Employment Package announced in the 2016-2017 Budget.
The four key measures include:
Entrepreneurship Facilitators work in three high youth unemployment areas promoting entrepreneurship as a way for young people to create their own job. The facilitators help young people considering starting a small business to get their idea up and running.
Expanding the New Enterprise Incentive Scheme
The New Enterprise Incentive Scheme (NEIS) provides help for people to become self-employed by starting a business. There are 8,600 NEIS places available each year and the eligibility has been broadened to allow more people to get involved.
Exploring Being My Own Boss’ Workshops
The two week workshops provide young people with a taste of what is involved in self-employment and starting a business. After these workshops, participants will have the opportunity to gain first-hand experience in running a small business.
More information on other programs and for young people to find and keep a job is available on the New Business Assistance with NEIS page.