The Government has announced an extension to the Job Support Scheme in order to protect jobs and support businesses required to close as a result of coronavirus restrictions. The full details are not yet published, but at this stage we know that:
- It will be available for businesses forced to temporarily close by law due to local or national COVID19 restrictions.
- The Government will pay 2/3 of employees’ wages, capped at £2100 per month.
- Employers will not be obliged to contribute towards wages, but they will be asked to cover NIC and pension contributions.
- It will run for 6 months from 1 November 2020, with a review point in January.
- Employees must be furloughed for a minimum period of 7 consecutive days.
- Cash grants to help with fixed costs for businesses required to close in local lockdowns will also be increased to a maximum of £3000 per month (the actual amount available to an individual business will depend on the rateable value of its premises).