To support the tightening Covid-19 restrictions due to come into effect on 05 November. The Government has announced the following support mechanisms:
- An extension to the Coronavirus Job Retention Scheme until 2 December
- More generous support to the self-employed and paying that support more quickly
- Cash grants of up to £3,000 per month for businesses which are closed o £1.1 billion for councils to enable them to support businesses more broadly over the coming months, as a key part of the local economy
- Plans to extend existing Loan Schemes and Future Fund to the end of January and an ability to top-up Bounce Back Loans o An extension to the mortgage payment holiday for homeowners
- Providing councils with up to £500m of funding to support the local healthcare response
To read the full details on the support being implemented click here.
