BRAG - Prize Draw for New Enterprise Allowance clients
Over the last fifteen months we have had the pleasure of working with over 400 entrepreneurs across Fife. From gardeners to cabinet makers; game developers to virtual reality video producers. Of the 400 people we worked with we have supported 225 into self-employment, with their businesses covering all four corners of Fife. To celebrate the success of our clients we’ve decided to hold a prize draw where one of the businesses we’ve helped will receive an award of £1,000.
PLEASE NOTE: You will not be entered into the draw automatically. To be entered into the draw please contact your advisor by email or call us on 01592 860 296 to ensure you are eligible to enter.
Provided you meet the requirements of the competition they could be in with a chance of scooping £1,000 for your business to buy new equipment, put down a deposit on some premises or help cover general business expenses. You can find information about how to enter below.
The New Enterprise Allowance is a Department for Work and Pensions programme that supports people who are currently unemployed into self-employment. BRAG Enterprises works with the clients to produce a business plan that will unlock access to £1,274 over six months and then set the client up in business for themselves. As a social enterprise, BRAG is steeped in a history of supporting people into employment we believe deeply in the development of individuals who want to make a difference to their own lives.
Do you want to be in with a chance of winning £1,000 for your business? Then make sure you meet all the eligibility criteria below:
• You must have started on NEA anytime between 1st January 2015 and 31st March 2016.
• You must have had your business plan approved and signed onto New Enterprise Allowance payments.
In order to be eligible for the prize draw you need to ensure you have provided all the required paperwork to your mentor. This paperwork shouldn’t take any more than fifteen minutes to pull together.
If you are still receiving NEA payments then you need to provide your mentor with Commenced Trading evidence consisting of:
• A recent receipt/invoice related to the business confirming the business has started.
• A copy of either the NEAL7 letter you received when you started in NEA OR a copy of the letter you received from JCP confirming your Job Seekers Allowance claim has been closed
• A copy of the letter HMRC sent you with your Unique Tax Payer Reference (UTR) clearly displayed OR a signed self-declaration from (you can request this from your mentor).
If you have stopped receiving NEA payments then you will be required to provide Sustained Trading Evidence consisting of:
• A recent receipt/invoice related to the business confirming the business is still operating.
• A copy of either the NEAL7 letter you received when you started in NEA OR a copy of the letter you received from JCP confirming your Job Seekers Allowance claim has been closed*.
• A copy of the letter HMRC sent you with your Unique Tax Payer Reference (UTR) clearly displayed**.
*If you have already provided your NEAL7 OR JCP JSA letter then you have already completed this step.
**Please note if you are required to provide evidence of sustained trading then a self-declaration is no longer acceptable evidence of intended HMRC registration. If you have already provided your UTR then you have completed this step.
If you will stop receiving NEA payments before 1st October 2016 then you will be required to provide Commenced Trading evidence now, and follow up with Sustained Trading evidence before the draw is made.
If you feel you have already provided the evidence detailed above and are eligible to enter then contact your advisor who will be able to advise you if you qualify.
If you are unsure if you need to provide additional information then please contact your advisor for more information.
PLEASE NOTE: You will not be entered into the draw automatically. To be entered into the draw please contact your advisor by email or call us on 01592 860 296 to ensure you are eligible to enter.
FURTHER NOTICE WILL BE GIVEN OF A CLOSING DATE, ENTER NOW TO AVOID DISAPPOINTMENT.
