Supporting our local businesses
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4. Support for the self-employed
Applications for the third self-employed coronavirus support grant opens on 30 November.
The Self-employment Income Support Scheme (SEISS) Grant Extension will provide support in the form of two grants, each available for three-month periods covering November 2020 to January 2021 and February 2021 to April 2021.
The taxable grant will cover 55% of average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £5,160 in total.
To be eligible for the third SEISS grant, self-employed people must have been previously eligible for the SEISS first and second grant and declare that they are suffering reduced demand due to COVID-19 or were previously trading but are temporarily unable to do so.
Watch out for scams
Please watch out for scammers. The Government states that you can only access this scheme through GOV.UK. If someone texts, calls or emails claiming to be from HMRC, saying that you can claim financial help or are owed a tax refund, and asks you to click on a link or to give information such as your name, credit card or bank details, it is a scam.