We investigate the long-run impacts of a one-time randomized entrepreneurial cash grant in Uganda during COVID-19 lockdowns, twelve years after the intervention. Previous research documented considerable positive effects after four years, which vanished for income after nine years, while some structural changes persisted. For the 12-year follow-up, we find positive effects on employment and income, but for men only, and no effects on food security. These gender-specific effects might not be the last word on the program’s long-term impact. Rather, our paper emphasizes that the timing of follow-up studies matters, particularly in the presence of shocks such as the lockdowns.