Self-Employment Income Support Scheme grants Update

Last week the Chancellor announced new 3rd and 4th Self-Employment Income Support Scheme grants. 

The second grant scheme is still open.  If you’re eligible and your business has been adversely affected on or after 14 July 2020, you have until 19 October 2020 to claim the second grant through the self-employment income support scheme (SEISS).

The 3rd grant will apply to those financially hit by Covid between 1 Nov 2020 and 31 Jan 2021, with eligibility criteria identical to the earlier grants. But it has a far lower payout, a one-off 20% of profits for 3mths, capped at £1,875 in total.

The 4th grant is for 1 Feb 2021 to 30 Apr 2021, but no details of the amount or eligibility have been announced yet.

Source: Gov.uk