You can access the new job retention calculator here.You should note that the calculator will be updated to reflect changes to the scheme over the coming months.
In addition, employers can now also download a template if you're claiming for 100 or more employees through the Coronavirus Job Retention Scheme (for claims on or after 1 July 2020).
You can download the new template here.
Change in state aid rules for government-backed loan schemes
The EU has extended its state aid temporary framework to all small companies (less than 50 employees and less than EUR 10 million of annual turnover and/or annual balance sheet total), even if they were in “financial difficulty” on 31 December 2019. This means that from today, all businesses in this category can apply to the Coronavirus Business Interruption Loan Scheme (CBILS). This extends possibilities to support more small companies, including those with particular financial structures, such as private equity backed firms, or those who were in a growth phase and so might have appeared to be in financial difficulty on paper.
£20 million in new grants to support SMEs in England
The UK government has announced £20 million of new funding to help SME’s in England recover from the effects of the Coronavirus pandemic. Small and medium sized businesses will have access to grants of between £1,000 - £5,000 to help them access new technology and other equipment as well as professional, legal, financial or other advice. The funding has been allocated to Growth Hubs within each Local Enterprise Partnership (LEP) area in line with the current European Regional Development Fund (ERDF) Programme.
Local restrictionsThe Department of Health and Social Care (DHSC) have published an overview of the government’s approach to managing local coronavirus outbreaks. The overview sets out a five-step approach to managing local outbreaks, which can be scaled up rapidly as needed.
Full details can be found here.
A list of areas with additional local restrictions is available here.
ESSENTIAL INFORMATION LINKS ON ALL ASPECTS: