The Government today announced new support measures for businesses in tier 2 areas, this is outlined below.
Job Support Scheme
The Government has announced it will now pay at least 62% for hours not worked under the Open Job Support Scheme and employer contribution will be cut from 33% to 5%. Employees will now be able to take home at least 73% of pay for working a new minimum 20% of hours.
The government is doubling self-employed grants from 20% to 40%, meaning the maximum grant will go up from £1,875 to £3,750. Grants are available for all self-employed people (all tiers) who’ve stopped trading or have a significant fall in trade, with two further payments to come.