November 4. 2020
Following the
Lockdown announcement over the weekend, there have been a few key Government
updates to the SEISS grant in the last 24 hours. You have
probably already heard about them but we wanted to summarise the key points
below;
- Eligibility remains the same as before, if you
did not qualify for the first two grants then you will not qualify for
this one;
- The grant covers the November to January
period;
- The grant is calculated
at 80% of trading profits and is capped at £7500;
- An additional grant will be available next
year covering February to April, but no details on the amount of that
grant has been released yet.
Additionally,
the Bounce Back Loan application deadline has been extended to
the 31st January 2021.
As everyone's situation is different, advice and guidance can vary. You can click here to use a helpful service to
find out what support you can get if your business has been affected by
coronavirus.