Winter Support 2020 - 2021 packages for businesses
In October 2020, Chancellor Rishi Sunak announced substantial additions to the Winter Support package, with increased support to businesses through the forthcoming Job Support and Self-employed Schemes.
Contents |
[edit] The Job Support Scheme (JSS)
When originally announced in September 2020, the JSS – in effect from 1 November 2020 – required employees to work at least 33% of their normal hours and employers to pay a third of wages for hours not worked. The October 2020 announcement reduces the minimum hours requirements to 20%, so those working only one day a week will become eligible. It also reduces the employer contribution for unworked hours to just 5%.
Note: separately from the JSS, employers are still eligible to claim a £1,000 Job Retention Bonus for all previously furloughed employees who are still employed at the end of January 2021.
For more information visit the Government’s summary webpage or go to the Job Support Scheme Open Factsheet.
[edit] Self-employed grant (SEISS)
SEISS will also be amended so that the amount of profits covered by the two forthcoming self-employed grants will rise from 20% to 40% (e.g. the maximum grant will increase from £1,875 to £3,750).
This article originally appeared on the ECA website under the headline, 'Chancellor announces further business financial support'. It was published on 23 October 2020.
--ECA
[edit] Related articles on Designing Buildings Wiki
- Articles by the Electrical Contractors' Association (ECA).
- Budget 2020.
- Budget 2021.
- Construction apprenticeships.
- Coronavirus and the construction industry.
- Furlough.
- Get ready for green jobs and upgrade projects.
- January 2021 construction output figures.
- Organisations prompt government to Build Back Green.
- Payments for recruiting new apprentices.
- The future of the coronavirus furlough.
[edit] External resources
Featured articles and news
Open industry engagement survey seeks responses
Institutions and the importance of engagement.
National Retrofit Hub unveils new guide
Digital Building Logbooks and Retrofit: An Introduction.
Top 50 firms awarded 52bn of projects in the last year
New engineering data shows.
Enhancing construction site reporting efficiency
Through digitisation and the digital revolution.
Noise in the built environment
BSRIA guide TG 20/2021.
17,000 people suffer conditions as a result of exposure to excessive noise at work.
Turning down the noise: Auditory health
A pervasive risk with far-reaching consequences.
Getting the most out of heat pumps and heating
How heat pumps work and how they work best.
Plumbing and heating for successful retrofit and renovation
Low temperature underfloor systems and heat pumps.
Cost-of-living crisis and home improvement plans
Starting on the right footing and top tips for projects.
Delays on construction projects
Types, mitigation and the acceleration of works.
From Chaucer to Fawlty Towers.
Electrotechnical excellence, now open for entries.
Net zero electricity grids BSRIA guide NZG 5/2024
Outlining the changes needed to transition to net zero.
CIOB Global Student Challenge 2024
Universitas Indonesia wins for second year running.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.