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<p>The Self-Employment Income Support Scheme (SEISS) Grant Extension provides critical
support to the self-employed, by supporting those who are currently eligible for the
SEISS and are continuing to trade but are facing reduced demand due to COVID-19. The
scheme will be in the form of two grants, and will last for six months, from November
2020 to April 2021. The first grant will cover a three-month period from the start
of November until the end of January. This initial grant will cover 20 per cent of
average monthly trading profits, paid out in a single instalment covering 3 months’
worth of profits, and capped at £1,875 in total.</p><p> </p><p>The Government has
broadly aligned this initial grant with the Government’s contribution to the Job Support
Scheme. The extension is not intended to provide a direct income replacement, as people
will be continuing to work while claiming the grant. Those who require more support
may have access to other elements of the Government’s support package. This package
includes Bounce Back loans, tax deferrals, rental support, increased levels of Universal
Credit, mortgage holidays, and other business support grants.</p><p> </p>
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