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Update 2 November National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update

The Government has extended the Coronavirus Job Retention Scheme (CJRS) following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close.

It has also confirmed that those businesses that are required to close will be eligible for business grants of up to £3,000 a month, introduced originally for closed businesses in areas of ‘Very High’ Coronavirus restrictions under the three-tier system.

Meanwhile, the mortgage payment holiday scheme that had been due to end on Saturday 31 October 2020 has been extended so that borrowers impacted by Coronavirus will be able to access a six-month repayment holiday.

The new restrictions once again require people to stay at home apart from in a limited range of circumstances, such as going to work (where they can’t work from home) shopping for essentials, medical appointments or education.

If you require assistance with any of the Government’s Coronavirus financial measures, please contact your usual Seymour Taylor representative or 01494 552100

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