Self-Employed Income Support Scheme (SEISS)
Government increases support for self-employed across the UK
- The next Self-Employed Income Support Grant, which covers November to January, will be increased to 80% of average trading profits, up to £7500
- Payments will be made more quickly with the claims window being brought forward from 14 December to 30 November
To find out who is eligible and how much support is available visit the gov.uk website here.
Self-Employment Income Support Scheme Grant Extension
The SEISS Grant Extension provides critical support to the self-employed. The grant will be limited to self-employed individuals who are currently eligible for the SEISS and are actively continuing to trade but are facing reduced demand due to COVID-19. The scheme will last for 6 months, from November 2020 to April 2021.
The extension will be in the form of two grants. The first grant will cover a three-month period from the start of November until the end of January. This initial grant will cover 20% of average monthly trading profits, paid out in a single instalment covering 3 months' worth of profits, and capped at £1,875 in total. The second grant will cover a three-month period from the start of February until the end of April. The Government will review the level of the second grant and set this in due course.
The Government's website includes a section focused on self-employed people and sole traders.