Training Courses - New Enterprise Incentive Scheme (NEIS)

The New Enterprise Incentive Scheme (NEIS) can assist you in establishing your own new small business NEIS provides training in small business management, business skills and business plan development, if you are approved you will receive:

Allowance (if eligible) for up to 52 weeks
NEIS Rental Assistance for up to 26 weeks (if eligible)
Business guidance, advice and mentoring support during the first year of operation

NEIS will also assist you in developing a business plan as part of your training. This plan will then need to be approved before you can start your small business with the assistance of NEIS.

The aim of the business plan is to assist you in gaining finance from banks and credit unions if necessary.

The NEIS program does not provide start-up funds such as grants or loans.

Who is eligible?

You must be registered or eligible for the full range of Job Network Services:

Aged 18 years at the time of signing the NEIS Participant Agreement
Receiving an allowance specified by the Department of Employment and Workplace Relations (DEWR) from time to time as eligible

A mature age job seeker not on income support who is registered for JobSearch Support only:

Will be aged 50 years or over at the time of signing a NEIS participant Agreement
Has the capacity to be financially self-sufficient while undertaking training and NEIS assistance

Eligible to participate in NEIS under an Australian Government Labour Adjustment Package

Participants in the NEIS Program must:

Be available to train and work full-time in the business
Agree to hold and Maintain controlling interest in the business during the term of the NEIS Participant Agreement
Not have received NEIS Assistance in the previous two years and not have received NEIS Assistance previously for a similar business activity
Not be an undischarged bankrupt

Your business must:

Be independent, reputable and lawful
Be assessed as commercially viable by a NEIS provider
Not be operating on a commercial basis
Not compete directly with an existing business unless you can demonstrate that there is an unsatisfied demand for your product or service
Not involve the purchase or take-over of an existing business
Be established, located and operated solely within Australia

How to Apply

For further information or to lodge your interest in the NEIS program please contact Managed Corporate Outcomes on 1300 552 435 or contact us.