Second financial support grant now available for self-employed workers
- 17th August 2020
The second phase of the Self-Employment Income Support Scheme (SEISS) is now open, offering another much-needed financial lifeline for millions of self-employed workers across the UK.
The first grant in May saw £7.8bn in taxable grants claimed by 2.7 million people whose trade has been impacted by the coronavirus pandemic.
More than 3 million people are thought to be eligible for the second grant, with the chancellor Rishi Sunak stating that 95% of all self-employed workers will be able to apply for the scheme.
This second grant will be restricted to 70% of your monthly average profit, capped this time at £6,570.
You must apply on or before 19 October 2020 to receive this grant.
All data and figures referred to in our news section are correct at the date of publishing and should not be relied upon as still current.