Self-employment Income Support Scheme

Treasury written question – answered on 21st May 2020.

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Photo of Andrew Rosindell Andrew Rosindell Conservative, Romford

To ask the Chancellor of the Exchequer, pursuant to his statement of 12 May 2020 on Covid-19: Economic Package announcing his extension of the Coronavirus Job Retention Scheme to the end of October, what plans he has to announce a similar extension for the Self-Employed Income Support Scheme.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The UK has one of the most generous self-employed COVID-19 support schemes in the world. The Self-Employment Income Support Scheme opened on 13 May, ahead of schedule, and it provides support worth up to £7,500 each to millions of individuals. Recipients will have the grants in their bank accounts within six working days of making an application.

The Chancellor indicated that the Self-Employment Income Support Scheme would be temporary when he announced it at the end of March, and that it could be extended if necessary. The Government is keeping this under review.

As the economy re-opens, the Government will consider how to adjust support in a way that ensures people can get back to work, protecting both the UK economy and livelihoods.

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