If you're a UK contractor, you could benefit from extra financial support from the government under the Start-up Loans and New Enterprise Allowance schemes. In a bid to help entrepreneurs start their own business, a £69 million package will be made available to help thousands of new firms and contractors. This is part of David Cameron's attempt to help Britons go out on their own and start a business, thereby creating jobs and boosting the economy. Already over 30,000 new businesses have been created with support from government schemes.
Mr Cameron said: "My message is simple: if you have drive, determination and are prepared to work hard, we will back you." Using the Start-up Loan scheme, people can access around £4,500 of finance and mentoring support. Meanwhile, the New Enterprise Allowance offer expert business mentoring and financial support to those living on benefits.
Since 2011, statistics show the programme has helped to create around 2,000 new businesses every month.