New Job Support Scheme will run for six months from November 2020 until April 2021.
The Scheme will be open to all small and medium businesses with a UK payroll. Large businesses will need to prove that their turnover has decreased as a result of Covid-19.
The scheme will be available to pay for employees:
– employed on or before 23 September 2020,
– working at least 33% of their hours and paid for those as normal.
The Government and the employer will each pay for 1/3 of any hours not worked, allowing the employee to earn at least 77% of their normal wages.
A claim will need to be made by employers. They will be able to access the grant portal from December 2020.