The U.K. government has unveiled a financial support package for the self-employed and freelancers impacted by the ongoing coronavirus crisis, answering — partially — a call from all corners of the hard-hit creative sector.
According to the new scheme, the self-employed can now receive a taxable grant based on their previous earnings over the last three years, worth up to 80 percent of their earnings and capped at 2,500 pounds ($3,000) per month.
It will run for a minimum of three months and is open to anyone with trading profits of 50,000 pounds ($61,000) or under.However, the first payments won't be made until June, although they will be backdated to March.