Paul Clancy, Chief Executive, Derry Chamber
Reacting to the Chancellor’s announcement of the Self-Employed Income Support Scheme, Derry Chamber Chief Executive Paul Clancy said:
“This is a welcome and necessary measure taken by the Chancellor to support the country’s self-employed workers and small business owners. Last week’s announcement to protect the incomes of millions of workers was an extraordinary step which will help sustain thousands of households but self-employed workers were not included. The Self-Employed Income Support Scheme will provide a taxable grant of 80% of your average monthly profits of £50,000 or less over the last three years up to £2500 per month. This will help ease extreme pressures on our self-employed workers and ensure their businesses survive this crisis.
“Self-employed workers are some of the most innovative and creative workers in our economy and it is right that they are also entitled to these supportive measures. Self-employed people are a core part of the North West regional economy and I am glad that some of the pressures our self-employed members are currently facing will now begin to ease. Government support throughout this crisis will be the deciding factor in whether our economy survives or sinks. We will now be working closely with government departments to ensure this funding is released as soon as possible for self-employed workers.”