The Treasury is considering a scheme to bailout up to a million small business owners previously excluded from COVID-19 support, The Sun revealed earlier.
A team of Treasury officials are scrutinising a proposal that would see the Government pay up to 80 per cent of lost trading profits of sole directors of limited companies.
The proposed DISS (Directors Income Support Scheme) would pay grants of up to £7,500 to cover three months of lost trading profits, but would, however, be limited to those who earn less than £50,000 a year.
ExcludedUK a non profit grassroots NGO founded to provide a platform for those denied fair and adequate financial support from the Governments COVID-19 Support schemes since the pandemic began in March. With a community of over 60,000 members across all industries, age groups and regions, we estimate that three million UK tax payers have been excluded from the same support as others, which has lead to thousands of people losing their livelihoods, careers, and homes, and sadly, for some, their lives.
ExcludedUK has been fundraising to provide urgent help and support for those affected in the forms of business and career advice, debt support and 121 counselling sessions within 48 hours. Please find more information on our website www.excludeduk.org.