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Economy Update
12 October 2020
Type
Written Ministerial Statement
Department
Treasury
At a Glance
Issue Summary
The statement discusses the expansion of the Job Support Scheme (JSS) and the increase in generosity of Local Restrictions Support Grants.
Action Requested
The JSS is being expanded to provide temporary, localised support to businesses legally required to close due to Coronavirus restrictions. The scheme will be available from November 1st for six months with further guidance published soon. Local Restrictions Support Grants are now more generous and eligible businesses can receive up to £3,000 per month after two weeks of closure.
Key Facts
- JSS expansion is effective from 1 November 2020 for six months.
- Employers will be able to claim the scheme in arrears starting early December 2020.
- Local Restrictions Support Grants are increased up to £3,000 per month after two weeks of closure.
- Businesses closed due to national lockdowns or unable to reopen since March can also apply for grants.
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