01278 228004

Chamber News

You are here: 

Job Retention Scheme Extended

Monday 2nd November, 2020

People and businesses across the UK are being provided with additional financial support as part of the government’s plan for the next phase of its response to the coronavirus outbreak, the Prime Minister announced today (31 October).

Throughout the crisis the government’s priority has been to protect lives and livelihoods. Today the Prime Minister said the government’s Coronavirus Job Retention Scheme (CJRS) – also known as the Furlough scheme – will remain open until December, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500. Under the extended scheme, the cost for employers of retaining workers will be reduced compared to the current scheme, which ends today. This means the extended furlough scheme is more generous for employers than it was in October.

Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will continue for a further month.

Businesses will have flexibility to bring furloughed employees back to work on a part time basis or furlough them full-time, and will only be asked to cover National Insurance and employer pension contributions which, for the average claim, accounts for just 5% of total employment costs.

  • This extended Job Retention Scheme will operate as the previous scheme did, with businesses being paid upfront to cover wages costs. There will be a short period when we need to change the legal terms of the scheme and update the system and businesses will be paid in arrears for that period.
  • The CJRS is being extended until December. The level of the grant will mirror levels available under the CJRS in August, so the government will pay 80% of wages up to a cap of £2,500 and employers will pay employer National Insurance Contributions (NICs) and pension contributions only for the hours the employee does not work.
  • As under the current CJRS, flexible furloughing will be allowed in addition to full-time furloughing.
  • Further details, including how to claim this extended support through an updated claims service, will be provided shortly.
  • The Job Support Scheme will be introduced following the end of the CJRS.

To read more visit https://www.gov.uk/government/news/furlough-scheme-extended-and-further-economic-support-announced

Latest news

Gravity launches design competition for Sedgemoor students: Architect and TV presenter George Clarke is supporting the competition
April 22, 2021

Gravity is teaming up with two educational charities to launch a design competition that aims to encourage local youngsters to get involved with the project to create the UK’s first smart campus and community. Gravity, which is based on the site of the former Royal Ordnance Factory (ROF) between Puriton and Woolavington, is launching the…

Read More
Bridgwater United Community Sports Trust (BUCST) is delighted to become the latest member of the Bridgwater Chamber of Commerce
April 22, 2021

Bridgwater United Community Sports Trust aims to provide all members of the local community with the opportunity to access quality sport, physical activity, and wellbeing provision whatever their age, gender or ethnicity. To help the Trust achieve our aims, we believe it was vitally important to align ourselves with organisations who share our values and…

Read More
The Old Vicarage Hotel is Top Dog
April 21, 2021

Did you know that April is #NationalPetMonth #NPM21, celebrating and raising awareness of responsible pet ownership. The theme this year is Pets and People: caring for each other.   As a result of caring for all their doggie guests (and their owners) the Old Vicarage Hotel in Bridgwater has just won the Gold Award for…

Read More
Reopening non-essential retail
April 9, 2021

Sedgemoor District Council is working with shop-keepers, traders and larger national chain stores to prepare for the re-opening of High Streets and retail centres, following the Government announcement that non-essential shops can open from Monday, April 12th.   Pavement stencilling has been refreshed in Bridgwater, Highbridge, Burnham, Wedmore and Cheddar to remind people to keep their…

Read More