Today the Chancellor announced an expansion of the Job Retention Scheme (JRS) and an increase in cash grants for businesses that are affected by local lockdowns throughout the winter.
Businesses required to shut in accordance with the Government’s response to the pandemic will be entitled to claim grants under the expanded JRS. This will see two-thirds of employees’ salary, up to £2,100 per month paid by the Government. The employer will still be required to pay any NIC and pension contributions. To claim the grant the business must not be able to operate and employees must not have been able to work for seven days.
The expanded JRS will be available from the 1 November for six months. The Association will continue to monitor developments and provide updates if further changes to the JRS are made.
In addition to the expanded JRS, cash grants will also be offered to businesses forced to close. These grants are tied to the business’ rateable value and can be worth up to £3,000 per month. The grants will be payable every two weeks.