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.

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