SELF-EMPLOYMENT INCOME SUPPORT SCHEME (SEISS) GRANT EXTENSION
HM Treasury have issued a fact sheet explaining what is covered by the grant, who is eligible and how to claim.
The SEISS Grant Extension provides support to the self-employed. The grant will be limited to self-employed individuals who are currently eligible for the SEISS and are actively continuing to trade but are facing reduced demand due to COVID-19.
The extension will provide two grants and will last for six months from November 2020 to April 2021. Grants will be paid in two lump sum instalments each covering a three-month period.
The first grant will cover 3 months’ worth of profits from the start of November until the end of January. It will be worth 20% of average monthly profits and will capped at £1,875 in total.