Originally written by Timothy Adler on Small Business
The government has extended the furlough scheme for UK small business employees at 80 per cent of wages for days not worked.
The extended UK-wide furlough scheme will run until Wednesday, December 2 covering 80 per cent of the salary for hours not worked due to compulsory lockdown, up to a maximum of £2,500.
Businesses will only be asked to cover national insurance and employer pension contributions which, for the average claim, accounts for just 5 per cent of total employment costs.
Employees can either be furloughed full-time or on a part-time basis.
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Business grants
Small businesses forced to shut during the month-long lockdown in England will also be able to claim grants worth up to £3,000 per month per premises per month.
For properties with a rateable value of £15,000 or under, grants to be £1,334 per month, or £667 per two weeks
For properties with a rateable value of between £15,000-£51,000 grants to be £2,000 per month, or £1,000 per two weeks
For properties with a rateable value of £51,000 or over grants to be £3,000 per month, or £1,500 per two weeks.
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