The Job Support Scheme

Key Details

Corporate Finance & Restructuring

September 29, 2020

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The Coronavirus Job Retention Scheme ends on 31 October, and the new Job Support Scheme (the "Scheme") starts on 1 November 2020. The Scheme is intended to provide financial support to businesses with "viable jobs" and to support "short-time" working arrangements for affected employees. The Scheme will also provide support to businesses who are forced to close due to COVID-19 related restrictions.

In this article we look at the key details on how the Job Support Scheme can help your organization in light of the ongoing COVID-19 uncertainty.

The Scheme provides grants to employers to help cover the cost of employee wages for hours not worked by employees who can work at least 20% of their normal hours (note that this level has been reduced from the 33% originally announced) – this part of the Scheme is known as “JSS Open”. The Scheme also provides grants to help cover the cost of employees who do not work at employers forced to close (or, in the case of hospitality businesses, required to move to a take-away only model) due to COVID-19 related restrictions – this part of the Scheme is known as “JSS Closed”.

The Scheme will run for 6 months from 1 November 2020 until 30 April 2021, and will be reviewed in January.

There is no requirement for employees to previously have been furloughed or for employers to previously have made a claim under the Coronavirus Job Retention Scheme.


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