Furlough scheme extended again
Chancellor Rishi Sunak has announced that the Furlough Scheme will be extended by another month, until 30 April 2021. Businesses will be able to apply for government support schemes including bounce back loans until the end of March.
No further announcements were made regarding the Self-Employment Income Support Scheme (SEISS), though the fourth SEISS grant should cover February to April 2021.
The government also announced that a ‘successor loan scheme’ will be made available to provide more support for businesses beyond March.
ECA’s dedicated business recovery webpage is frequently updated with guidance and resources for Members and the wider electrotechnical and engineering services industry, so be sure to check back often.