Millions of self-employed people whose business has been affected by coronavirus can apply for grants from the government from Wednesday.

The Self Employed Income Support Scheme is designed to match the support being given to furloughed employees.

The grants will be calculated as 80% of 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.

The maximum payment will be £7,500, intended to cover March, April and May.

The scheme is the biggest direct financial support package for freelancers and the self-employed since lockdown started.

It was unveiled in March after the government faced criticism for failing to provide support for self-employed and freelance workers in its earlier package of economic

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