This scheme comprises of a series of grants made available to self-employed workers with businesses that have experienced the negative impacts of COVID-19. Each grant covers three months.
Eligibility:
- In order to be eligible for this support, you must be either self-employed or a member of a partnership. If you provide your services through a limited company, you will not be able to access this scheme.
- You must also have traded for both tax years 2018/2019 and 2019/2020. For the tax year 2018/2019 you must have submitted a Self-Assessment tax return for that year either on or before 23rd April 2020.
- You must either be currently providing services but facing a reduced demand because of the COVID-19 pandemic, or, were previously providing services but are unable to due to COVID-19. This must, however, be a temporary problem.
Grant 1: Deadline for claims 13th July 2020
Provides three months’ worth of payment taken from a monthly average over the three previous tax years. There is a limit of £7,500 for this grant.
Grant 2: Deadline for claims 19th October 2020
Provides three months’ worth of payment taken from a monthly average over the three previous tax years. There is a limit of £6,570 for this grant.
Grant 3: Deadline for claims 29th January 2021
Provides three months’ worth of payment taken from a monthly average over the three previous tax years. There is a limit of £7,500 for this grant.
Grant 4: Deadline for claims 1st June 2021
Provides three months’ worth of payment taken from a monthly average over the three previous tax years. There is a limit of £7,500 for this grant.
For more information on exactly how to apply and whether you are eligible for this scheme, take a look at the dedicated page on the .gov website.