Lincolnshire Remains in Tier 3

Lincolnshire Remains in Tier 3

Please note this article was published on 17 December 2020 and may be out of date. For the latest information about financial support around Coronavirus, please click here

Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (furlough scheme) for one month until the end of April 2021, as well as the loan schemes.

The government will continue to pay up to 80% of the salary of employees for hours not worked until the end of April, with a cap of £2,500 a month.

Employers will only be required to pay the wages, National Insurance (NI) contributions and pensions for hours worked, as well as NI contributions and pensions for hours not worked.

The eligibility criteria for the UK-wide scheme will remain unchanged and these changes will continue to apply to all devolved administrations, the government said.

Click here for more information about the Job Retention Scheme.

Mr Sunak also confirmed he would be extending the government-guaranteed Covid-19 business loan schemes until the end of March. These loan schemes (the Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Interruption Loan Scheme and Bounce Back Loan Scheme) were previously extended until the end of January 2021.

Click here for more information about the loans.

Share this news story:

Other News

04-12-2023
New Food Store in Gainsborough

Lincolnshire Co-op has opened its a food store in Gainsborough today, bringing a range of valued services to the local are...

Read More
24-11-2023
The Lincoln Tea & Coffee Company Win Awards At The Great British Food Awards

The Great British Food Awards celebrate the country's finest home-grown ingredients and artisanal produce, as well as the har...

Read More

Join our ever-growing membership base

Become a member