Covid-19 : Business Support 05.06.20 – Update 36
Deadline reminders : Micro-business Hardship Fund & Job Retention Scheme
Please be mindful of the following deadlines:
• the NI Micro-business Hardship Fund will close to applications at 6pm on Friday 12th June; and
• the final date by which an employer can furlough an employee and claim the CJRS for the first time will be next Wednesday, 10th June.
Further details are set out below:
NI Micro-business Hardship Fund:
The Micro-business Hardship Fund was launched to assist NI based micro-businesses and social enterprises unable to access the £10,000, £25,000 and Covid-19 Childcare Support grant schemes. The scheme offers a grant of:
• up to £10,000 for businesses which pay business rates on premises
• up to £5,000 for those that do not pay business rates
In order to ensure that the £40 million budget is not exceeded, the final amounts awarded will depend on the number of successful applications. Businesses within each category will receive the same amounts. Businesses should ensure they meet the following criteria before applying to the fund:
• The business must be based in Northern Ireland.
• At 29th February 2020, the business must have employed between one and nine employees paid via PAYE except where the sole employee is the business owner or company director.
• Since 1st March 2020, the business must have experienced a reduction in turnover in excess of 40% as a direct result of the COVID-19 pandemic or associated Government restrictions.
The scheme will close to applications at 6pm on Friday 12th June, to complete an application or for further information click here.
Coronavirus Job Retention Scheme : deadline for new employees
As announced last Friday, from 1st July employers can bring back to work employees that have previously been furloughed for any amount of time and any shift pattern, while still being able to claim CJRS grant for their normal hours not worked.
However the scheme will close to new entrants from 30th June. From this point onwards, employers will only be able to furlough employees that they have furloughed for a full 3 week period prior to 30th June. Therefore the final date by which an employer can furlough an employee for the first time will be 10th June, in order for the current 3 week furlough period to be completed by 30th June. Employers will have until 31st July to make any claims in respect of the period to 30th June. Further guidance on flexible furloughing and how employers should calculate claims will be published on 12th June.