Possible new grants for self employed

Posted on 08 Apr 2015
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New wave of £7,500 grants for self-employed planned Rishi Sunak is preparing to offer self-employed workers grants of up to £7,500 in next week’s Budget, the Telegraph reports. People who meet the criteria can claim 80% of average monthly profits up to a maximum of £2,500 a month. However, the scheme will probably end at the end of April reflecting the fact that many self-run businesses will have to remain shut until then. Andy Chamberlain, director of policy at the Association of Independent Professionals and the Self-Employed, welcomed the proposals but cautioned against pulling support from self-employed workers too soon. “Throughout the coming months, where there are still restrictions on the economy and businesses, Government must ensure there is proportionate support for this country’s freelancers and self-employed,” Mr Chamberlain said.

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