Contact Us: 0207 017 8880

Funding provided by the Scottish Government offers a one-off £4,000 payment for those whose status as newly self-employed makes them ineligible for the UK Government’s Coronavirus Self-employment Income Support Scheme.

The fund will remain open for a four-week period. The deadline for applications is 5pm on 16 March 2021.

To be eligible for the Newly Self-Employed Hardship Fund, you must demonstrate that you:

(i) Became self employed on or after 6 April 2019 but before 17 March 2020

or

(ii) Became self employed between 1 October 2018 and April 2019 but at ineligible for the Self Employment Income Support Scheme (SEISS) as you weren’t self employed for a sufficient period of time in the 2018/19 Financial Year to demonstrate that you derived 50% of your income from self-employment.

 

In addition, you must confirm when submitting your application that you:

  • are ordinarily resident in Scotland
  • are registered with HMRC as self-employed and have a valid Unique Taxpayer Reference (UTR) number
  • operate a business that is located in Scotland
  • trade as self-employed, not as a limited company
  • derive over 50% of your income from self-employment
  • reported trading profits below £50,000 in the financial year 2019-2020
  • started your business before 17 March 2020 and have continued to operate after 1 April 2020 (unless you are operating in a sector subject to ongoing Covid-19 restrictions which have forced the closure of your business)
  • have lost business income due to coronavirus restrictions and are experiencing personal financial hardship as a result
  • are ineligible for other Covid-19 related business grant support, including the Strategic Framework Business Fund, Covid-19 Temporary Restrictions Closure and Hardship Funds, Coronavirus Job Retention Scheme, Mobile and Home-Based Close Contact Services Fund, Wedding Sector Support Fund and Hardship Fund for Creative Freelancers
  • have taken steps to limit costs and expenditure, including through schemes such as VAT deferral and seeking a mortgage payment holiday
  • do not have access to sufficient savings or other sources of income to cover your basic living costs
  • have not breached Covid restrictions in place for businesses in Scotland

If you received funding through the first round of the Newly Self-Employed Hardship Fund launched in April 2020, you are still able to apply for support. This is a follow-on from that scheme and recognises the need for further help with living costs.

Related Articles

Dumbarton Reporter and the Irvine Times to go digital

Newsquest Scotland can today announce that two of their smaller weekly titles are going digital-only, embracing the sustainable future of local news journalism.
Read More

Scottish Business Event Presentations

The Scottish Business Event was held on Monday, March 13 at the Radisson Blu in Glasgow.
Read More

Scottish government plans to curb alcohol abuse branded “naïve and a failure waiting to happen”

A Scottish government plan to curb alcohol abuse by requiring retailers to hide drink in cupboards, has been described as “naïve and a failure waiting to happen.”
Read More