From 13th May 2020, the Self-Employment Income Support Scheme will open for applications to ensure those who work for themselves are financially supported during this time. Applicants who meet the criteria will receive a grant worth 80% of their average monthly trading profits, paid in a single instalment up to £7,500.
If you're self-employed or a member of a partnership and have been adversely affected by coronavirus, find out if you can use this scheme to claim a grant by visiting https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme.
The Chancellor announced on 29th May, an extension to the Self-Employment Support Scheme and confirmed next steps for the Coronavirus Job Retention Scheme. Those eligible under the Self-Employment Income Support Scheme (SEISS), which has so far seen 2.3 million claims worth £6.8 billion, will be able to claim a second and final grant in August. Information on changes to both schemes can found here https://www.gov.uk/government/news/chancellor-extends-self-employment-support-scheme-and-confirms-furlough-next-steps.
