New Enterprise Incentive Scheme (NEIS)
This program aims to provide job seekers with accredited small business training, business mentoring, and income support to help them turn a business idea into a viable business and help them to become a self-employed business owner. NEIS is part of jobactive and delivered by a network of 21 providers who provide individualised help for job seekers.
NEIS provides job seekers with:
- Accredited small business training and business mentoring for up to 52 weeks.
- Income support for up to 39 weeks (NEIS Allowance) and NEIS Rental Assistance for up to 26 weeks (if eligible).
- Personalised mentoring and support from a NEIS provider in the first year of the new business to help a job seeker put their business idea into practice.
A total of 6,300 NEIS places are available nationally each year.
As announced in the 2016-17 Federal Budget, the Government will provide an additional $88.6 million over four years from 2016-17 to expand the this program and to support self-employment opportunities for young people.
From 1 December 2016, the Government will introduce a suite of initiatives to expand self-employment opportunities and encourage entrepreneurship among young Australians. These include:
- ''Exploring Being My Own Boss'' workshops to engage young job seekers to explore self-employment as an alternative pathway to employment.
- Self-Employment and Entrepreneurship Starter Packs to raise awareness of the self-employment assistance available to youth.
- Engaging Inclusive Entrepreneurship Facilitators in areas of high youth unemployment to assist potential entrepreneurs in accessing local mentors and services.
The number of places in NEIS will also be increased to 8,600 per annum and eligibility will be expanded to people not on income support, including recently retrenched workers.
Who Can Apply
Eligible applicants include businesses that:
- Cannot already be operating on a commercial basis.
- Will be independent.
- Are lawful and capable of withstanding public scrutiny.
- Have been assessed as commercially viable by the NEIS provider.
- Are not based on the purchase or takeover of an existing business.
- Will not compete directly with existing businesses unless it can be demonstrated that there is an unsatisfied demand for the product or service, or the product or service is to be provided in a new way.
- Will be established, located and operated solely within Australia.
- Will be structured so the job seeker has and will maintain a controlling interest over the NEIS business for the duration of the job seeker’s time in NEIS.
- Will not be a not-for-profit unless otherwise agreed to by the Department of Employment.
Please review the Fact Sheet for jobseekers'' eligibility requirements.
Eligible participants are required to undertake NEIS training and operate their NEIS business in accordance with their NEIS Business Plan, and meet all the terms of their NEIS Participant Agreement.
Please review the Fact Sheet for the specific activities of each assistance provided by the program.
|Fact Sheet||May 2016||Download
|NEIS Assistance and Business Mentoring Guidelines||May 2016||Download
|Use these documents as a guide only - always get the latest direct from the Administrator
This program is open on an ongoing basis.
Mentoring and Support
|Total Funding Pool
General - Non-Industry Specific
Start-up / Establishment
Training / Employment
Department of Employment
Department of Employment