Sheffield: The city of the entrepreneur

Government's Mark Hoban.
Government's Mark Hoban.
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Sheffield is one of the most enterprising cities in Britain - with hundreds of people coming off benefits to start their own businesses, according to the latest statistics.

The city has the fourth-highest number of start-up businesses in the UK, according to figures from the Department for Work and Pensions.

Over the last six months to the end of March, 260 people set up their own firms in Sheffield with help from the Government’s New Enterprise Allowance scheme.

Only Liverpool, with 440 businesses starting up, Birmingham, with 350, and Wirrall, where 270 new firms were created, had higher figures.

Employment minister Mark Hoban said: “I’m delighted we’ve helped more than 15,000 jobseekers across the country with the get-up-and-go to set up their own business.

“Each week hundreds more businesses are being launched thanks to the mentoring and financial support we’re able to offer.

“We’re backing those people prepared to put in the hard work to realise their dreams and make a success of themselves, and over the next few months we’ll help thousands more budding entrepreneurs move off benefits by becoming their own boss.”

The number of people setting up businesses across the country helped by the New Enterprise Allowance rose from 8,810 in the previous six-month period.

The allowance provides funding worth £1,274 over 26 weeks, paid at £65 a week for the first 13 weeks and £33 a week for a further 13 weeks, and the facility to access a loan of up to £1,000 to help with start-up costs, subject to status.

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