As we enter a second year of Covid-19 related lockdowns and restrictions, the Chancellor Rishi Sunak has announced that more help will be extended to self-employed people affected by the pandemic.
What help is available for the self-employed?
In today’s Budget statement, it was revealed that two further Coronavirus Self-Employed Income Support Scheme (SEISS) grants will be on offer over the next five months.
People whose ability to earn has been impacted by the pandemic can claim grants worth up to 80% of average trading profits in April. Then, in July, grants of either 80% or 30% of average trading profits will be available, depending on how much your income has been affected.
There is more good news for people who became self-employed since April 2019, who will now qualify for grants after being excluded from the scheme previously.
However, big holes in the support structure still remain for many self-employed people who fall outside the specified criteria. You can find out more about these groups at excludeduk.org
Communication is the key to recovery
Whatever your situation – and I hope that it has been improved by today’s Budget – it’s really important to keep talking to your customers and potential new client base.
Whether your business is due to reopen next month or later on in the spring, your fans want to hear from you and know how you’re getting along.
Your small business blog is a great place to share news and updates, such as keeping customers up to speed on when you hope to reopen and what Covid-19 safety measures will be in place.
Your customers love you and want to support you, so stay in touch!