As expected, the government has announced that those who are self-employed who have been adversely affected by the Coronavirus will be able to claim a second,and final, grant in August.  This grant will be worth 70% of their average monthly trading profits for three months,paid out in a single installment, capped at £6,570.  The criteria for the second grant will be the same as the first grant.

However, you do not need to have claimed the first grant to claim the second – so this would be the case where the business had not been affected by the virus beforehand but has been recently.

Find out more here.

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