Self-Employment Assistance
- Receipt of requests is now closed
Overview
Assistance for Newfoundland and Labrador employment insurance (EI)-eligible individuals to start a business.
At a glance
Funding available
- Develop workforce skills
- No Condition
- Receipt of requests is now closed
Eligible candidates
- All industries
- Newfoundland and Labrador
- Non-profit
- Public or Parapublic institution
- For-profit business
- All revenue ranges
- All organization sizes
- Persons with Disabilities
- Startups
- Economic, Social and Community Development
- Employment and Training
- People with disabilities
- Business owners / entrepreneurs
- Low-income individuals / families
- All structures
- Municipal
- Regional
- Provincial
Next steps
Activities funded
This grant offers financial and entrepreneurial assistance to help unemployed individuals start their own business, providing a pathway to self-employment. The program also designates organizations as coordinators to support the process.
- Creating a business plan and starting a self-owned business for unemployed individuals.
- Providing coordination services by eligible organizations to assist individuals in becoming self-employed.
Eligibility
Who is eligible?
The Self-Employment Assistance program is designed for individuals who are currently unemployed and meet specific criteria related to Employment Insurance (EI), as well as organizations that can act as coordinators for the program. Specific eligibility for individuals includes:- Current Employment Insurance claimants.- Unemployed individuals whose benefit period has been established or ended within the last 60 months.For organizations, eligible entities include businesses, organizations, municipalities, band/tribal councils, and public health and educational institutions.Who is not eligible
This grant opportunity, as outlined, does not specify any exclusions for certain types of companies or industries based on their status or primary activities. Eligibility criteria are focused on linking individuals and organizations to self-employment assistance rather than excluding specific types.
Eligible expenses
The Self-Employment Assistance program supports individuals and organizations in creating opportunities for self-employment. Eligible projects focus on facilitating the establishment of small businesses and supporting entrepreneurial growth.
- Financial and entrepreneurial assistance for individuals starting their own business.
- Coordination and support services provided by organizations for the self-employment program.
- Provision of living allowances in certain circumstances during the self-employment initiative.
- Coverage of participation-related costs such as dependent care and transportation.
Eligible geographic areas
This grant is provided by the Department of Immigration, Population Growth and Skills, which generally oversees programs within provincial jurisdictions rather than specifying particular geographical areas. Therefore, eligible geographical locations are not explicitly mentioned in the provided details.
Additional information
Additional considerations and useful details regarding the Self-Employment Assistance program include:
- Individuals should maintain regular communication with their assigned local Employment Centre advisor to better align their personal business objectives with program resources.
- Participants are encouraged to take advantage of any offered entrepreneurial training and workshops that can complement their business knowledge.
- The success of an application can be potentially bolstered by demonstrating a clear understanding of market research and business viability.
- Participants with disabilities may be eligible for extended benefits and should inquire about tailored support services.
- While in the program, participants are encouraged to network with other entrepreneurs within the Self-Employment Assistance framework to foster community support and mentorship opportunities.
Contacts
Frequently Asked Questions about the Self-Employment Assistance Program
What is the Self-Employment Assistance?
Who is eligible for the Self-Employment Assistance program?
What expenses are eligible under Self-Employment Assistance?
Who can I contact for more information about the Self-Employment Assistance?
Where is the Self-Employment Assistance available?
Is the Self-Employment Assistance a grant, loan, or tax credit?
Who are the financial supporters of the Self-Employment Assistance?
More programs like this
- Newfoundland and Labrador interactive digital media tax creditMax $2,000,00040%
