To ask Her Majesty's Government what assessment they have made of the impact of the Job Support Scheme on future levels of redundancy.
13 October 2020
The Job Support Scheme supports businesses who have been impacted by Covid-19 and can support their employees working some hours but who require more time to fully recover, by offering a grant covering one-third of all hours not worked by an employee.
The Job Support Scheme is just one form of support on offer to employers. We have also extended four of the temporary loan schemes: the Coronavirus Business Interruption Loan, the Coronavirus Large Businesses Interruption Loan, Bounce Back Loans and the Future Fund, whilst providing flexibility in the repayment these loans, to help support businesses in stay open and meet their costs. We have also introduced the Job Retention Bonus, a one-off grant of £1,000 for every previously furloughed employee who is retained in meaningful employment by January 31st.