On 5 November, the Chancellor announced more changes to the third SEISS grant.
The third grant will now be given at 80% of average profits capped at £7,500 for the whole 3- month period between 1 November 2020 and 31 January 2021. It will be paid in a single instalment.
This is the third time the amount has been increased since the grant extension was first announced in September.
You can apply for the third grant from 30 November.
The eligibility criteria is broadly the same as for grants 1 and 2, with one change: you have to make a declaration that your business has suffered reduced demand due to COVID in the 3-month qualifying period. For grants 1 and 2, you just had to state that you had been adversely impacted and you qualified for the scheme.
For more information on the other eligibility criteria and how to apply, see: SEISS update.
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