Changes to Government Support

The chancellor has announced changes to three of the Government Support Schemes.

Business Grants

Local authorities will now be provided with funding to pass on to businesses in Tier 2 restrictions. There is no requirement for businesses to be closed to access this grant funding.

The eligiblity and allocation of grants will be decided by local authorities.

Each local authority will be provided £2,100 per month for each business premises in their area.

These grants can be applied retrospectively to August for areas that have already seen heightened restrictions.

Job Support Scheme

If businesses are legally required to close – the government will fund the full 2/3rds of wages by way of a cash grant.

For businesses that can remain open, two changes to the support scheme have been made:

1 – The number of hours employees must work to be eligible for the scheme has now reduced from 33% to 20% of regular hours

2 – The employer contribution for hours not worked has now been reduced to 5%

These changes will apply to businesses in all COVID alert levels.

Self Employed Income Support Grants

SEISS grants available are to be doubled from 20% of income to 40%, this increases the maximum grant available to £3,750.

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