Coronavirus Job Retention Scheme

(Furloughing)

Most employers will now be fully aware of the furlough scheme.

The furlough scheme has been extended until the end of April 2021.

The government will continue to pay 80% of the salary of employees for hours not worked until the end of April. Employers will only be required to pay wages, National Insurance Contributions (NICS) and pensions for hours worked; and NICS and pensions for hours not worked

Full details of the furlough scheme can be found at:

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

Any business wishing to have a 1.1 discussion with one of the business finance specialists working on the Access to Finance team can arrange this by contacting us as below:

Want to talk to us about your options? Email us