MORE than 4,000 new businesses have been set up across the North-East, a Government scheme has said.

The New Enterprise Allowance (NEA) says it has helped 4,080 companies, including 810 in County Durham.

The scheme helps jobseekers, lone parents and people on sickness benefits to turn entrepreneurial dreams in to reality.

Government figures show the NEA has helped more than 50,000 new businesses across the UK, with 12,360 ventures started by people over 50 and, and 3,920 set up by young people.

The scheme provides mentors, who offer help and advice on business ideas and plans, which, if approved, mean people are eligible for financial support of £1,274 over 26 weeks.

Esther McVey, Employment Minister, said: “Small businesses are the backbone of the UK economy and are delivering a significant share of new vacancies.

“Successful entrepreneurs tell us the right advice at the right time is just as import as start-up funding, which is why the mentors are vital to the success of this scheme.”