Self-employed workers in the UK will be able to apply for grants of up to £7,500 from today, with payments due within six days, the Government has said.
The Self-Employment Income Support Scheme (SEISS) grant is worth up to 80% of average trading profits for those stuck at home.
It is the biggest direct financial support package for freelancers and the self-employed since lockdown started and claims for lost work can be dated back to March.
The Office for National Statistics estimate there are around five million people in the UK who
The Government has not said whether it will be extended in line with the furlough scheme protecting 80% of employees’ wages up to £2,500 a month.
The scheme opened at 8am today (Wednesday 13 May), and the process will be run by HMRC, which has been operating and overseeing loan schemes and the Government’s furlough payments.
Everyone eligible for the SEISS will be able to receive the Government grant by May 25, or within six days of a completed claim.
