- The Job Support Scheme replaces the furlough scheme from 1st This requires employees in businesses that remain open to work 20% of their normal hours with employers contributing 5% to their wages.
- The next round of the Self Employment Income Support Scheme opens in November covering the period from November – January. The grant will be 40% of average profits up to a maximum value of £3,750. A further round of the scheme will cover the period from February to April 2021.
- The Local Restrictions Support Grant is available of up to £3,000/month to businesses in Tier 3 lockdown areas that have been told to close. Grants of up to £2,100 a month are available for certain businesses in Tier 2 areas affected by Covid-19 restrictions including hospitality, accommodation and leisure. Contact your local authority for details.
- Remember - don’t miss out on the Bounce Back Loan scheme which provides Government backed loans at 2.5% interest. Deadline 4th
OUR LATEST COVID SUPPORT SCHEME BRIEFING IS ON THE FOLLOWING LINK: