November lockdown: Self-employed support extended
As well as extending the furlough scheme, the Government has also announced that the Self-Employment Income Support Scheme will be more generous.
The Scheme has already been extended into 2021. For eligible self-employed people, the third grant for November to January will be 80% of your average trading profits, up to a maximum of £7,500.
And to make sure you get this help quickly, the Government has also announced that you can submit your claim for the next grant from 30 November, instead of from 14 December.
Need more help?
The Government has extended loan schemes for small businesses up to the end of January 2021 and you’ll be able to ‘top up’ existing Bounce Back Loans if you need more money.
For full details about the Government support you can apply for, read the guidance on the Gov.uk website:
Gov.uk | Government support for small and medium-sized businesses
Read more
- Our simple guide to the Self-Employed Income Support Scheme:
Tide blog | Self-employed: Coronavirus aid from the Government
And the news the Scheme has been extended:
Tide blog | Extended into 2021: Self-Employed Income Support - The Government’s instructions about the Scheme:
Gov.uk | Claim a grant through the Self-Employment Income Support Scheme - List of Government support you can apply for:
Gov.uk | Government support for small and medium-sized businesses - List of support and resources from non-government organisations:
Gov.uk | Coronavirus support for business from outside government - Sources for this article:
Gov.uk | News | Government increases support for self-employed across the UK | 2 November
Gov.uk | News | Government increases self-employed support | 5 November
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