SEISS Grant Amount Increased

Furlough Scheme Extended
02/11/2020
SCC Comment on Prospect of Further Economic Restrictions
02/11/2020

SEISS Grant Amount Increased

To reflect the recent changes to the UK furlough scheme, the UK-wide Self-Employment Income Support Scheme (SEISS) will be made more generous – with self-employed individuals receiving 80% of their average trading profits for November.

Payments will also be made more quickly with the claims window being brought forward from 14 December to 30 November.

The changes aim to ensure that self-employed individuals who temporarily cannot carry out their business or have suffered reduced demand due to the outbreak are supported over winter.

In addition, more businesses will be able to access additional support as deadlines for applications for government-backed loan schemes and the Future Fund have been further extended until 31 January 2021.

To be eligible for the Grant Extension self-employed individuals, including members of partnerships, must:

  • Have been previously eligible for the Self-Employment Income Support Scheme first and second grant (although they do not have to have claimed the previous grants);
  • Declare that they intend to continue to trade; and
  • Either: are currently actively trading but are impacted by reduced demand due to coronavirus or were previously trading but are temporarily unable to do so due to coronavirus.

How To Claim

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