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Self-Employment Assistance – Individuals

by Maurice | February 6, 2023

Amount:

No Fixed Amount

Type of Program:

Grants


Description:

Self-Employment Assistance is an employment program that provides financial and entrepreneurial assistance to eligible individuals to help them create jobs for themselves by starting a business. The maximum duration of an agreement with a participant is 52 weeks, and 78 weeks for persons with a disability.

Comments on Funding:

The applicant currently receiving Employment Insurance benefits, may continue to receive these benefits until the end of his benefit period, after which he may be eligible to receive a living allowance to the end of his Self-Employment Assistance agreement. The living allowance rate for Self-employment Assistance participants is set at $524 per week.


If the applicant is not in receipt of Employment Insurance benefits, he may be eligible to receive financial assistance for living expenses.
Assistance may be provided in exceptional circumstances to cover all or part of the following costs related to participation (e.g., dependent care, disability needs, transportation and accommodation).
 


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • be an unemployed individual,
  • have a current EI claim or for whom a benefit period is established or whose benefit period has ended within the previous 60 months,
  • be a resident of the Newfoundland & Labrador province,
  • be a Canadian citizen or permanent resident legally entitled to work in Canada,
  • participate in employment plan development with referral to Self-employment Coordinator,
  • have a preliminary business concept validated by Self-employment Coordinator,
  • have an Employment Plan that identifies Self-employment Assistance as an appropriate intervention for them. 

The self-employment business shall be:

  • a business that will not result in putting another individual out of business,
  • full-time, which means participants must devote at least 35 hours per week to developing and/or implementing their business plan. Fewer hours may be approved for a person with a disability that necessitates part-time employment,
  • either a new business, or an existing business in which the eligible participant had no prior ownership.

Application Steps:

1

Applicant must complete the application form,

2

Applicant must submit it to his local Immigration, Population Growth and Skills office.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Those in St. John's and Mount Pearl interested in beginning the Self-Employment Assistance Program can do it with Metro Business Opportunities. See the details at Self Employment Assistance .

Program Contact:

Self-Employment Assistance

Self-employment Assistance Guidelines

Related posts:

How to Start a Business in Newfoundland and Labrador: Step-by-Step Guide for New Entrepreneurs
Best Business to Start in Newfoundland & Labrador: Growth Industries + Top Business Ideas
Businesses for Sale in Newfoundland & Labrador: Best Places to Buy + Mistakes to Avoid
How to Incorporate a Business in Newfoundland & Labrador: Step-by-Step Guide for New Entrepreneu...

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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