COVID-19 Update – 21 December – Core support schemes extended to spring 2021

The government recently announced that the core COVID support schemes, including the CJRS and the three CBILS will run until spring 2021 to provide support for those who might need it.

CJRS

The Coronavirus Job Retention Scheme (Furlough) has been extended until the end of April 2021, with no changes to the eligibility criteria.

The government will continue to pay 80% of the salary of employees for hours not worked until the end of April 2021, and employers will continue to pay NICs and pension contributions for both hours worked and not worked.

Find out more

CBILS

The three Coronavirus Business Interruption Loan Schemes (Bounce Back Loans, Coronavirus Business Interruption Loan & Coronavirus Large Business Interruption Loan) have all been extended until 31 March 2021.

Recently the CBILS was expanded with changed to the scheme’s features and eligibility criteria to enable more businesses to access the funding they needed. No further changes to the terms or eligibility criteria were announced with this extension.

Find out more

These announcements were made before the more recent news about Tier 4 and further restrictions.