Further grant covering up to six months
This grant is available for self-employed individuals and members of partnerships who are actively continuing to trade but are experiencing reduced demand due to Covid-19. The SEISS grant will provide support over the winter months.
The grant is not as attractive from previous support grants and will be paid in two lump-sum instalments, the first payment will cover a three month period from the start of November 2020 to the end of January 2021.
How much is payable in first instalment
The grant will cover 20 per cent of average monthly trading profits, and capped at £1,875 in total.
How much is payable in second instalment
An additional second grant instalment, which may be adjusted to respond to changing circumstances, will be available for self-employed individuals to cover the period from February 2021 to the end of April 2021.
Who is eligible
- An individual must be currently eligible for the scheme (see previous news post 3 April 2020)
- Declare that they are currently actively trading and intend to continue to trade.
- Declare that they are impacted by reduced demand due to Covid-19 in the qualifying period (between 1 November and the date of the claim)