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CORONAVIRUS: Additional Grants & Self-Employment Income Support Scheme

Additional Grants

The Government is to provide £20 million of funding to local Growth Hubs to provide support to small and medium sized enterprises.

The funding is available across all sectors and will typically be of grants of up to £3,000 (with a maximum of £5,000).

It is intended to support businesses in purchasing minor equipment to adapt or adopt new technology and help access specialist professional

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/906229/GH_Funding_Information_and_Allocations_FINAL_UPDATED_030820.pdf

Self-Employment Income Support Scheme (SEISS)

A reminder that claims for the second tranche (for those whose business was adversely affected on or after 14 July) can now be made. The deadline for claims is 19 October.

The amount received will be 70% of 3 months average trading profit capped at £6,570 in total.

Wednesday, 2nd September, 2020