Businesses across the UK are being provided with additional financial support as part of the UK Government’s plan for the next phase of its response to the coronavirus outbreak.
The Coronavirus Job Retention Scheme (CJRS) - also known as the Furlough scheme - will remain open until March 2021, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500.
Under the extended scheme, the cost for employers of retaining workers will be reduced compared to the previous scheme, which ended on 31 October 2020.
Additional guidance will be set out shortly.
For further information please visit the GOV.UK website.