Following recent announcements, please see attached our updated factsheet with detail on the updated COVID Support Measures. A summary of the points discussed in the factsheet include:

COVID-19_Support_Measures_-_Winter_Economy_Plan Updated

Job Support Scheme

A new 6-month scheme will start from 1 November 2020

Job Support Scheme Expansion

Additional support for employees of businesses that are forced to close because of local or national lockdown measures

​​​​​​​Job Retention Bonus

A £1,000 bonus payment to employers that bring back a furloughed employee

New cash grants

Businesses in England that are forced to shut as a result of lockdown measures will be eligible for grants of up to £3,000 per month

Self Employed Income Support Scheme Extension

The Self-Employed Income Support Scheme (SEISS) extension will apply for 6 months from 1 November 2020

Loan Deadlines Extended

This will include an extension in the loan term from six to ten years.

Self-Assessment payment deadlines

Extends payments due in January 2021 until January 2022

If you need any help or have any further questions / queries on the above measures, or anything else! please do not hesitate to get in touch. Our client managers are available to help via email or mobile.