Start your own business
Do you know what support is available to help?
Currently claiming benefit and want to start a business?
- New Enterprise Allowance-business support for job seekers.
If you have been getting Job Seekers Allowance for at least six months you could get a mentor and financial support to help set up your own business. If you have a good idea for a business you want to set up, you could get:
- Practical help and support to prepare you for self employment
- Help and support in setting up your business
- Support for at least the first six months of trading
- A weekly allowance paid for the first 26 weeks of business
- A loan of upto £1,000
This allowance will not be available to you if you are required to take part on the Work Program. If you are interested you need to talk to your Jobcentre Plus adviser. They can refer you to an organisation that will look at your business idea and decide whether your idea could work. If they think it has potential they will give you a business mentor to help you prepare for self-employment.
There are also enterprise clubs running in some areas where you can get help from others in business- again Job Centre Plus will be able to advise you.
For more information see
- How can I get a market stall in a market in Tower Hamlets?
To run a market stall, you will need a street trading licence. Tower Hamlets Council have two types of licences: temporary and permanent. You should apply to the Market Service direct before making an application. They do not currently issue the licences shown below:
- Fruit and vegetables
- Telephone cards and DVD’s (Whitechapel Market)
- Bedding (Bethnal Green Road).
There is a £75 application fee for both temporary and permanent licences- this is not refundable so please do not apply until you have spoken to them.
For a temporary licence as well as the application you need;
- A valid passport
- Proof of name and address
- Valid public liability insurance and
- Two passport sized photographs
Which must be personally handed to the Markets Reception. A registration card will then be issued and posted to you. Once you have your registration card you can buy vouchers from the Council’s cashiers office or the Market Services. To be allocated a trading pitch on the day you will need to show the market officer your registration card, trading voucher and public liability insurance.
For a permanent licence when you complete the application form, please indicate market, preference of days, what you will be selling and pitches.
Market Services are at:
29 Commercial Street, London E1 6BD
The Cashiers office is at:
62 Roman Road, London E2 0PG
You must be over 17 years of age.
You can request an application on 020 7364 1717 or email@example.com
Market services are open Monday-Wednesday and Friday 9am to 4pm Thursday 9am to 2pm.
- What agencies are there that can help me?
There are many agencies both in the borough and wider afield that can provide advice and support to people wanting to start their own businesses. The main ones are listed below with contact details so that you can find out more information about them.
The East London Small Business Centre- they provide business start- up support and advice on business finance.
Please visit http://www.goeast.org
- Tower Hamlets College-The Employer Services
They provide support for small businesses, access to financial advice and mentoring for business improvement. Please visithttp://employer-services.co.uk/business-support
Account3 Enterprise project- they provide enterprise development advice including help with writing business and marketing plans for Tower Hamlets residents. They also provide childcare while you are visiting to access their services. To make an appointment email firstname.lastname@example.org Please visit : http://account3.org.uk
Beyond Business- is run by the Bromley by Bow Centre and is a ground breaking programme that seeks out budding entrepreneurs who are committed to creating successful social businesses that deliver jobs and opportunities for local people. Budding Business leaders pitch their business ideas to the Beyond Business “Dragons Den” which will provide upto £15,000 of funding to each successful applicant. You could also get ongoing business support and mentoring from Investec Bank who are funding the programme. They are currently closed but will re open the process in the Spring of 2012. Contact http://www.bbbc.org.uk/pages/enterprise.html
Everywoman- they are the UK's leading provider of training, resources and support services for women in business. Their clients range from blue chip corporations, who want to develop the next generation of female leaders , through to women looking to start up their own companies, www.everywoman.com 020 7981 2574
The East London Business Place – they provide capacity building and procurement support to businesses to enable them to become more competitive. Please visit: http://www.elbp.co.uk/index.php
Tower Hamlets Co operative Development Agency- Tower Hamlets CDA, Co-operative Development Agency, provides a range of business services that are free and confidential. We work closely with individuals or groups who have a skill or idea that they wish to turn into a viable and sustainable business. We specialise in co-operatives where ownership and control are shared amongst the members. Contact 020 7247 1056 They are at Unit 6, Business Development Centre, 7-15 Greatorex Street, London E1 5NF.
The Princes Trust-Enterprise Programme –they support unemployed young people aged 18-30 to work out if their business ideas are viable and whether self- employment is right for them. The programme can offer mentoring support and, for those that really need it, financial support to start a business or mentoring support to secure goals in employment, education or training. You can apply online at http://www.pronces-trust.org.uk/need_help/enterprise_programme.aspx They also have guides and a Business Plan Pack that you can access even if you do not qualify for financial support.
Teenbiz- is the UK’s first business start-up scheme for young people aged 18 and under. The objective is to help 100 young people who have fresh ideas, hunger and rive to get started in business over the next three years. Every month one student will receive upto £500 funding, a mentor and a start- up pack as well as other practical support. Teenbiz is open to all students from 13-18 years olds all over the UK. Guidelines http://teenbiz.org.uk email email@example.com website : http://teenbiz.org.uk
Action for the Blind-provide business and other support for blind and partially sighted people on 0800 915 4666
Prime- they promote and support self- employment and enterprise for people aged 50+ on 0800 783 1904
NESTA – provide start up support for creative businesses on 020 7438 2500
Business Link- is an online resource to support existing business and helps start up's. My New Business (accessed via Business Link website- www.businesslink.gov.uk ) will provide tailored information and training to guide you through the start- up process. You can also find a mentor via www.mentorsme.co.uk