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The Chancellor has just announced major changes to the Coronavirus Job Retention Scheme (CJRS). There’s good news and bad – how might you be affected?

Self-employed to receive second grant worth 70% of earnings

The Bounce Back Loan Scheme is a new scheme introduced to help smaller businesses impacted by coronavirus (COVID-19). It aims to assist those businesses to borrow between £2,000 up to 25% of a business’ turnover (the maximum amount available is £50,000).

Now is the time to think about how you are going to grow your business after the lockdown.

Any entity with a UK payroll can apply, including businesses, charities, recruitment agencies and public authorities.

The Government recently provided more details on how the CJRS works. Please note the online service you will use to claim is not open yet – we will let you know when it is. We have the capability to calculate and submit your CJRS Claim so please let us know if we can help.

guidance on Apprentices, public sector organisations, individuals, administrators, LLP’s, eligible individuals who are not employees, office holders, company directors, agency workers, Limb(b) workers, contingent workers etc.

The Cabinet has produced guidance notes for “Contingent Workers” impacted by COVID-19
This gives Public sector contractors access to the 80% furlough scheme.

Chancellor Strengthens Support On Offer For Business As First Government-Backed Loans Reach Firms In Need