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Self-employment Income Support Scheme

Question for Treasury

UIN 153283, tabled on 11 February 2021

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of bringing forward the next grant for the Self-employment Income Support Scheme to assist people who require support now.

Answered on

22 February 2021

The Government is committed to supporting the self-employed population during the COVID-19 pandemic through a substantial package of support.

The three Self-Employment Income Support Scheme (SEISS) grants combined provided up to £21,570 of support for each individual, placing the SEISS among the most generous schemes for the self-employed in the world. As of 31 December, about 2.7 million individuals have made claims totalling over £18.9 billion so far across all three grants.

The claims window for the third grant closed on 29 January 2021. The Government committed on 24 September 2020 that there would be a fourth grant; details of which will be announced alongside other economic updates at Budget in March.

The SEISS is not intended to provide a month-by-month replacement of income. Due to the volatility of self-employed income and the lack of granular data that HMRC hold on self-employed trading profits, precise mapping of income replacement month by month is not possible. Instead, the SEISS provides a lump sum payment to support eligible self-employed individuals whose businesses have been affected by coronavirus.

The SEISS continues to be just one element of a substantial package of support for the self-employed. In addition to the SEISS, individuals may also have access to other elements of the package, including Bounce Back loans, tax deferrals, rental support, mortgage holidays, self-isolation support payments and other business support grants.

Answered by

Treasury
Named day
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