Covid 19: States extends support for local businesses

The States has announced this morning these additional funding measures from Monday 04 May:

  • Businesses that see turnover reduce to below 40% of normal levels will be able to apply for up to 100% of minimum wage for employees through the Payroll Co-funding Scheme. This upper threshold will be extended to 50% for those businesses most in need and able to demonstrate that support is still necessary.
  • Businesses with turnover in excess of 40% and up to at least 70% of normal levels will continue to be able to apply for up to 80% of minimum wage for employees. This upper threshold will be extended to 80% of normal turnover for those businesses most in need. Businesses that see their turnover improve to above 70% (or 80% in some cases), will continue to be able to continue receiving this support for two further weeks after turnover reaches that level. These businesses will still need to contribute the remaining 20% to their employees’ wages.

This scheme, which began on the 16th March is being extended beyond the original 13 week period, to the 30th June.

Businesses that do not meet the requirements of the scheme but are still facing difficulties should still contact the States of Guernsey to discuss what options for support may be available.

Information on the States of Guernsey’s business support can be found at https://covid19.gov.gg/guidance/business

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