Government adds 2300 new places to New Enterprise Incentive Scheme to support young entrepreneurs

The federal government has made an additional 2300 places available to new business owners under its New Enterprise Incentive Scheme (NEIS).

In the 2016 budget the federal government pledged to invest more in the scheme and said at the time that an expanded NEIS program would come into effect from December 2016. The aim was to bring the total number of places available in the scheme to 8600 — something that Small Business Minister Michael McCormack says the government achieved last week.

The NEIS offers support and training for new small business owners and young people who “want to be their own boss”.

Support offered through the program includes mentoring, accredited training, and even income support where eligible.