Last week the Chancellor announced that the Coronavirus Job Retention Scheme (CJRS) would be extended to March 2021 as a result of the further lockdown, which will come as a welcome relief to some. Furloughed employees will receive 80% of their current salary for hours not worked, up to a maximum of £2,500.
Business premises forced to close in England are also eligible for grants of to £3,000 per month and £1.1bn is being given to Local Authorities, distributed on the basis of £20 per head, for one-off payments to enable them to support businesses more broadly.
Further information and support:
- The Charity Tax Group (CTG) has published this helpful summary, which provides more details on the schemes.
- The Charity Finance Group (CFG) has published a blog on the CJRS, including the campaign for a time limited scheme that will allow organisations to furlough and volunteer their time back to the non-profit sector. You can read more and sign the campaign here.
- You can also read NCVO funding round-up for November 2020 here.
- If you have questions about your charity’s specific circumstances, contact me at firstname.lastname@example.org for free confidential advice