Self-employment Income Support Scheme: Coventry

Treasury written question – answered on 2nd March 2021.

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Photo of Colleen Fletcher Colleen Fletcher Opposition Whip (Commons)

To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to support self-employed people in (a) Coventry North East constituency and (b) Coventry ineligible for the Self-Employment Income Support Scheme.

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

The Government has provided, and will continue to provide, generous support to eligible self-employed individuals through the Self-Employment Income Support Scheme (SEISS), with claims from the first three grants totalling over £19.7 billion, including over £70 million paid out to claimants within the Coventry Unitary Authority. There will also be a fourth SEISS grant covering the period from February to April 2021. Further details on the SEISS, including the fourth grant, will be released on 3 March.

The Government does recognise that some of the rules, criteria and conditions that were vital to ensuring that the SEISS worked for the vast majority meant that some people did not qualify.

Those who are ineligible for the SEISS may still be eligible for other elements of the £280 billion package of support available. The Universal Credit standard allowance has been temporarily increased for 2020-21 and the Minimum Income Floor relaxed, so that where self-employed claimants' earnings have fallen significantly, their Universal Credit award will have increased to reflect their lower earnings. In addition to this, they may also have access to other elements of the package, including tax deferrals, rental support, mortgage holidays, self-isolation support payments and other business support grants.

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