The Government Self-Employment Income Support Scheme is now open for applications.
Grants of up to £7,500 are available to millions of self-employed workers from this morning.
The Self-Employment Income Support Scheme (SEISS) grant is worth up to 80% of average trading profits for the self-employed, such as hairdressers and cleaners who are unable to work due to the Coronavirus restrictions. The SEISS is a temporary scheme, but it may be extended by the Government.
The grants will be calculated as 80% of the average monthly profit over a period of up to three years.
The government said the money will be paid into the accounts of eligible people six days after applying.
Chancellor Rishi Sunak said
With payments arriving before the end of this month, the self-employed across the UK will have money in their pockets to help them through these challenging times.
Those able to make a claim have already been contacted by HMRC and can use a unique reference to make their claim.