The Covid-19 Self-Employment Income Support Scheme is now open for the second round of applications. To be eligible
- more than half of a claimant’s income needs to come from self-employment.
- The claimant must have had a trading profit of less than £50,000 in 2018/19, or an average trading profit of less than £50,000 from 2016/17, 2017/18 and 2018/19.
The second grant will cover 70% of the applicant’s average monthly trading profits. It will be made in a single payment, covering three months and capped at £2,190 a month, or £6,570 in total.
Applicants will need to confirm their business has been affected by the virus on or after 14 July, but do not need to have taken the first grant to be eligible for the second.
UKFT is in constant dialogue with the government and is outlining the latest support available for businesses on our website. We will update the details as and when the situation changes.