Self-Employment Income Support Scheme opens early
Applications for the Government’s Self-Employment Income Support Scheme have opened early.
From 8am this morning self-employed individuals or members of partnerships whose business has been adversely affected by coronavirus will be able to apply for a Self-Employment Income Support Scheme (SEISS) grant worth 80 per cent of their average monthly trading profits.
Millions are expected to benefit from the scheme with the payments – to be paid in a single instalment covering three months and capped at £7,500 – expected to land in bank accounts within six working days of each claim.
Chancellor Rishi Sunak said, “We’re working ahead of time to deliver support to the self-employed and from today, applications open for the millions of people eligible for the scheme.”
More about the scheme can be found here.
Eligibility for the scheme can be checked here.