First published 25 January 2021. Updated 3 March 2021. Updates in red.
Support for the self-employed [updated 3 March 2021]
The Chancellor of the Exchequer, Rishi Sunak, announced during this year's budget (3 March 2020) the fourth grant payment in the Self-Employed Income Support Scheme which will cover lost income due to the coronavirus pandemic from February to April 2021. More details can be found here.
Northern Ireland Newly Self-Employed Support Scheme (NSESS)
The Minister for the Economy in Northern Ireland has launched a Newly Self-Employed Support Scheme, with applications opening from 5 February 2021. This scheme is designed to support individuals (sole traders and those in partnerships) who are newly self-employed and have been adversely impacted by COVID-19.
This scheme will provide an initial one-off taxable grant of £3,500 to individuals who started trading as self-employed between 6 April 2019 and 5 April 2020, and who meet its other criteria, which are similar the SEISS.
You can find out more and apply here.
Furlough scheme extended until end of March 2021
The UK Government has also extended its furlough scheme to the end of March 2021 providing up to 80% of employees’ pay up to a maximum of £2,500 per month.If you are an employer you can find out more and apply here.
Self-Isolation Support Payment
If you are required to self-isolate and cannot work from home, you may be eligible for some financial support from your local council or other funding organisation.
England:: You can apply for a £500 payment. Full details for can be found here
Northern Ireland: You may be able to apply for a Discretionary Support self-isolation grant. Full details can be found here.
Scotland: You can apply for a Self-Isolation Support grant. Full details can be found here.
Wales: You can apply for a £500 payment. Full details can be found here.