Lack of support sees one in five freelancers closing down
Many freelancers are slipping through the support net (pic: Terry Murden)
One in five skilled freelancers expect to close their business because they have been ineligible for government support during the Covid-19 lockdown.
New research of more than 1,400 highly skilled freelancers uncovered examples of highly-paid workers suddenly seeing all their income vanish, and one who was forced to put their home up for sale.
There was overwhelming frustration at the lack of access to government support which has left many unable to continue.
Three quarters (74%) had lost income, on average by 76%. Two-thirds (69%) say they now have cashflow problems.
The overwhelming majority (91%) said they could not access the government’s Self-Employment Income Support Scheme (SEISS), mostly (73%) because they work through a limited company.