Second Stage of Self-Employment Support Available Now
Millions of self-employed people whose livelihoods have been affected by Covid-19 are able to start claiming a second payment of up to £6,570 from today (17th August 2020) – as the government continues to help drive the UK’s recovery.
Those eligible will now be able to receive a second and final grant worth 70% of their average monthly trading profits, with the money set to land in their bank accounts within six working days of making a claim.
Anyone whose self-employed business has been adversely affected by Covid-19 since 14 July is eligible for the scheme.
The government has not changed the eligibility criteria for the second grant. As with the first version, individuals will have to confirm that they’ve been adversely affected by Covid-19. However, a self-employed worker does not have to have claimed the first SEISS grant in order to be eligible for this final handout.
- Guidance on how the grant works can be found here.
- Eligible customers will be informed that they will be able to make their claim for the second and final grant at any time from a specified date, until the scheme closes on 19 October 2020.
- For the first grant, self-employed individuals in Scotland have made 155,000 claims totalling £449 million; in Wales 108,000 claims for £289 million have been made and in Northern Ireland 76,000 claims for £216 million have been submitted. In England, 2.2 million claims were made totalling £6.4 billion.
Are you eligible for this grant? Do you know what your entitlement is? If you have any queries, please contact us.