The government has announced that self-employed people in the UK whose work has been affected by the coronavirus pandemic will be receiving a “second and final” grant in August.
More than two million people have applied for a single grant of up to £7,500 so far.
Chancellor of the Exchequer, Rishi Sunak, has announced that they, and other self-employed people, will be eligible for a second payment of up to £6,570.
It comes as details of the extended furlough scheme were also outlined.
Until now, self-employed workers who qualify have been in line for a grant of 80% of their average profit, up to £2,500 a month for three months.
This is being paid in one instalment.
Those whose work has been affected by the coronavirus pandemic will still be able to apply for the lump sum up until June 13.
Now Chancellor Sunak has announced that applications for a taxable grant will open in August.
This will be slightly less generous with it covering 70% of the applicant’s average monthly trading profits.
It will also be made in a single payment, covering three months and capped at £2,190.a month, or £6,570 in total.
Applicants will need to confirm that their work has been affected by the Covid-19 virus, but they would not need to have taken the first grant to be eligible for the second.