Following the £150 billion pounds injection from the Bank of England, the Chancellor has made yet more changes to the Coronavirus support packages which will help support workers and business until spring 2021.
The Government have been listening and responding to feedback. It has announced it will increase the generosity and reach of its winter support scheme to ensure livelihoods and jobs across the UK are protected through the difficult months ahead.
The Chancellor has been under pressure since his Winter Economy Plan announcement back in late September to go further in providing financial help for businesses. As a result of the ever-changing Covid-19 situation, Rishi Sunak has proposed the following changes to the Job Support Scheme...
The Job Support Scheme will be expanded to support businesses that have been forced to close due to COVID-19 restrictions. The scheme will begin on 1 November and will be available for six months, with a review point in January.
The Government have announced new grants have been made available to support businesses in areas that have been affected by local lockdown restrictions. A business will be able to receive grants of up to £1,500 every three weeks while local lockdowns are in place.