Extended Coronavirus support: Job Support Scheme, Self-employed and Business Grants
Increased Funding of Job Support Scheme
The government have announced a significant expansion to the new Job Support Scheme that starts on 1st November.
- Minimum Hours to be worked falls from 33% to 20%, so those working 1 day a week will be eligible
- Employer contributions to the cost of unworked hours falls to 5%
- Government contribution to unworked hours increases to 61.67%, up to a cap of £1,541.75 a month
For full details see the factsheet below or visit https://www.gov.uk/government/publications/the-job-support-scheme/the-job-support-scheme
The government have also announced an increase in the funding for the Self-Employed Grants Scheme. From 1st November the grants will be increased to 40% of profits up to a maximum of £3,750
The Government has also increased grants for business, although these are primarily aimed at businesses in the hospitality sector and will be administered by Local Authorities.
For further details see the factsheet below.
UKFT is in constant dialogue with the government and is outlining the latest support available for UK fashion and textile businesses on our website. We will update this page as new guidance becomes available or the situation changes.