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NI Self-Employed Support Scheme: £3,500 grant for newly self-employed

Covid-19 support scheme - New £3,500 grant scheme for newly self-employed opens tonight at 6pm - Belfast Copywriter NI Blog Writer - Content Writer Northern Ireland - Tall Paul Marketing

Economy Minister Diane Dodds today announced a new NI Self-Employed Support Scheme for the newly self-employed.

 

The total budget allocated for the NI Self-Employed Support Scheme is £10million.

The Newly Self-Employed Support Scheme (NSESS) will open at 6 pm today.

The Minister said, “I am pleased to be able to announce this new support scheme which will help thousands of more businesses in need across Northern Ireland.

 

NI Self-Employed Support Scheme - Covid-19 support scheme - New £3,500 grant scheme for newly self-employed opens tonight at 6pm - Belfast Copywriter NI Blog Writer - Content Writer Northern Ireland - Tall Paul Marketing

 

“It will provide financial support to newly self-employed individuals (sole traders and those in partnerships) whose business is adversely impacted by Covid and who have not been able to access support from the UK government’s Self-Employed Income Support Scheme.”

A one-off taxable grant of £3,500 will be provided.

This will enable support to be provided to approximately 2,900 newly self-employed individuals.

NI Self-Employed Support Scheme provides newly self-employed a one-off taxable grant of £3,500.

Newly self-employed individuals (sole traders and those in partnerships) will be eligible for the NSESS if they commenced trading as self-employed between 6 April 2019 and 5 April 2020 and their business has been adversely impacted by Covid-19.

 


 

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Their trading profits for 2019/20 must be below £50,000.

Over 50% of the applicant’s income must be from self-employment in order to be eligible for the NI Self-Employed Support Scheme.

Invest Northern Ireland will deliver the scheme on behalf of the Department for the Economy.

 

 

The scheme will close to applications at 6 pm on 7 January 2021.

At scheme closure, any underspend will be considered and a top-up grant may be paid to eligible applicants.

The Minister will present a scheme for limited company directors to the Executive and, subject to their approval, more details will be provided as soon as possible.

Find out more about the scheme here.

 

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Paul Malone
Paul Malone
Paul Malone is one of Northern Ireland’s most experienced marketers, providing Copywriting, Content Writing and Blog Writing services for businesses across the country. Facebook | Twitter | LinkedIn | Instagram

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