Self-Employment Income Support Scheme (Covid 19)

The Self-Employment Income Support Scheme will be extended, with eligible individuals able to claim a second and final grant in August. The eligibility criteria remains the same as for the first grant and individuals will need to confirm that their business has been adversely affected by coronavirus.

The grant will be worth 70% of average monthly trading profits, paid out in a single instalment covering three months’ worth of profits, and capped at £6,570 in total. This is in line with changes to the Coronavirus Job Retention Scheme (see below) as the economy reopens.

The first SEISS grant, which opened for applications on 13 May, will close to new applications on 13 July. Eligible individuals will be able to make their claim for the first grant any time until this date, and those eligible will have the money paid into their bank account within six working days of completing a claim.

Further guidance on the second grant will be published later this month.

For more information visit https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme