Business and Economy
Job Support Scheme expanded to firms forced to close due to restrictions
Posted on: 20 October 2020
From next month, a new Job Support Scheme from the government will replace the current furlough arrangements.
Under the new scheme, employees will receive ‘at least 67 per cent’ of their pay from the government, up to a maximum of £2,100 a month, for each employee.
Staff must be off work for a minimum of seven days to be eligible, and there is no obligation for their employer to pay towards their salary.
The new scheme, which will run for six months, will also help firms that are allowed to open and where employees can return to work part-time.
Alongside this, the government is increasing the Local Restrictions Support Grant scheme to up to £3,000 per month to businesses in England, to be paid sooner after closure than current arrangements.