As Lockdown 2.0 is about to start, The Government has been announcing changes to its business support programmes. In my last blog post, I talked about furlough, this time it's the Self-Employment Income Support Scheme ...
SEISS claimants will receive 80% of their average trading profits for November. As this third grant covers a three month period of November 2020 to January 2021, December and January will be at 40% of average trading profits. It will all be paid in one lump sum.
These changes to SEISS bring it into line with CJRS (the furlough scheme for employees) and ensures that individuals still suffering a reduced demand, or cannot carry out their own business at all, will be supported over Christmas and into the New Year.
To be eligible for the third SEISS grant, claimants must have been eligible for the first and second grants, but don't have to have claimed them. The online portal for claims will open at the end of November rather than mid-December!
Other changes are coming, which includes the ability for businesses to top up their Bounce Back Loans and other Government-backed support schemes and more deferments will be on the cards too.
If you feel inspired to find out more about anything I've said here, do call me on 01908 774320 or leave a comment below and I'll be in touch as soon as I can.