The coronavirus pandemic is causing disruption and uncertainty across the globe and many businesses are facing unprecedented challenges. As the Government continues to announce support and advice, we will continue to provide useful insights on critical areas, including reliefs for business, funding and business continuity, to ensure that you are kept up to date.
Latest updates
The Coronavirus Job Retention Scheme Extension (CJRSE) has now been extended to 30 September 2021.Support for employees will remain at 80 per cent of the employee’s reference salary (subject to the £2,500pm cap) until 30 June 2021. From 1 July 2021 employers will be obliged to contribute 10 per cent towards the cost of furloughed hours, with that contribution rising to 20 per cent during August and September 2021. Some employees will also be able to be newly furloughed from 1 May 2021, providing they were employed and on an RTI submission prior on 2 March 2021. Find out more.
On Monday 7 December the Government announced a new General Export Facility (GEF), designed to help SME exporters with the costs of exporting and scaling-up. Eligible businesses can apply for government-guaranteed finance from the UK’s five largest banks. For GEF details and eligibility criteria, visit gov.uk.
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