Support for the self employed
The Self-Employment Income Support Scheme’s initial two grants are now closed.
However, the Government has announced an extension of a further two grants, each available for three month periods covering November 2020 to January 2021 and February 2021 to April 2021.
The first grant will cover a three month period from 1 November 2020 until 31 January 2021. The Government will provide a taxable grant covering 40% of average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £3,750 in total.
The second grant will cover a three month period from 1 February 2021 until 30 April 2021. The Government will review the level of the second grant and set this in due course.
Further information and eligibility criteria is available on the GOV.UK website.