Applications for the Self Employment Income Support Scheme Grant Extension open on Monday 30th November 2020.
The full eligibility criteria is now available.
The scheme has been extended. If not eligible for the first and second grant then a business is also not eligible for the third.
To make a claim for the third grant the business must have had a new or continuing impact from coronavirus between 1st November 2020 and 29th January 2021.
The third taxable grant is worth 80% of average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total.
Applications for the third grant open on Monday 30th November 2020. If eligible make the claim for the third grant on or before 29th January 2021.
There will be a fourth grant covering February 2021 to April 2021. Further details, including the level of the fourth grant will be provided in due course.
PAYadvice.UK 25/11/2020
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