The Self-Employment Income Support Scheme helps people who are self-employed and struggling with income because of coronavirus. If you’re not eligible for the scheme, you may be able to apply for other support such as benefits.
Self-Employment Income Support Scheme
The first 2 grants in the Self-Employment Income Support Scheme have closed. The Self-Employment Income Support Scheme grant extension is available from 1 November 2020 to April 2021. It supports you if you are continuing to trade, but have reduced demand because of coronavirus.
The extension offers 2 taxable grants. The first grant is available from 1 November 2020 until the end of January 2021. It:
is a single payment that covers 3 months’ worth of profits
covers 80% of your average monthly trading profits
is capped at £7,500 in total
This is similar to the government support given to employees through the Job Support scheme.
The second grant will cover 3 months from February 2021 until April 2021.
From 28 September, the Test and Trace Support Payment scheme will be available in England. If you have to self-isolate but cannot work from home and you meet the criteria, you could get a single payment of £500. Local authorities will be responsible for the payments.