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Protecting jobs and supporting business

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The UK Government has announced an unprecedented package of support to protect jobs and support business across the UK during the coronavirus outbreak.

There is a wide range of financial support available to firms of all sizes. Today we take a look at how some companies have benefited from the help available.

SCOUTS SCOTLAND chief executive Katie Docherty says the Coronavirus Job Retention Scheme (CJRS) has been absolutely critical to the survival of Scouts Scotland as an organisation.

Almost 80 per cent of Scouts Scotland’s 62 staff have been furloughed as outdoor education centres and campsites have been closed and fundraising events have postponed due to the coronavirus lockdown.

The organisation, which supports 12,000 volunteers and 40,000 young people in Scotland, has suffered a £1.5 million shortfall as a result.

Ms Docherty said they had received some funding from the Scottish Government, but that furlough scheme is “the lifeline that’s keeping us going just now”.

She said: “It’s the furlough scheme that’s allowed us to keep paying our staff whilst we have no income coming in. It’s been absolutely critical. We would have had to make most of our staff redundant otherwise.”

The CJRS has been extended until the end of October by the UK Government in order to protect businesses and jobs across the country.

 

 

Chancellor’s measures to safeguard firms and their staff

 

 

The Chancellor Rishi Sunak has announced a range of measures* for businesses and workers to protect them against the current economic emergency. Here are some examples.

The Coronavirus Job Retention Scheme has enabled businesses to put employees on a period of temporary leave (furlough) and apply for a government grant to cover 80 per cent of those workers’ usual monthly wage costs, up to a cap of £2,500 a month. The scheme available until the end of October has already protected 7.5 million workers and almost 1 million businesses

The Self-Employment Income Support Scheme will allow eligible self-employed individuals to claim a taxable grant of 80 per cent of their average monthly profits, up to £7,500.

UK VAT-registered firms have been given the option to defer VAT payments until the end of June.

There will be no interest or penalties on any amount deferred.

The Government has introduced a business rates holiday for the retail, hospitality and leisure sectors and nurseries in England.

Other schemes are in place in the other nations within the UK.

Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction

The Government’s Bounce Back Loans Scheme provides loans of up to £50,000 to small businesses, with a 100 per cent government-backed guarantee for lenders.

The Coronavirus Business Interruption Loan Scheme is available for loans or finance of up to £5m.

The Government will provide the lender with an 80 per cent guarantee to support the lending.

*Eligibility criteria applies.

Details of the support available to businesses across the UK can be found at www.gov.uk/coronavirus/business-support

FINANCIAL HELP: Chancellor Rishi Sunak

The news you can trust

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There are so many sources of news and information about coronavirus, but which ones should you trust to help you stay safe, protect the NHS and save lives?

Coronavirus fraud and misinformation are barriers to the nation continuing the progress it has made toward coming to terms with, and beating, the virus.

Read more...

Argyll and Bute Council budget passed

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Council tax bills in Argyll and Bute will go up by 4.5 per cent in April – but some of the authority’s most controversial cost-cutting plans will not be going ahead.

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GOUROCK LINKSPAN OUT OF ACTION ‘UNTIL FURTHER NOTICE’

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Gourock Boat Steps

 

The hydraulic linkspan at Gourock Ferry Terminal has developed what its owners CMAL described as a ‘significant’ oil leak from one of the cylinders which bears its weight, the company announced yesterday (Friday)

This means that CalMac’s already-troubled Gourock – Dunoon service will have to berth at the infamous Gourock Boat Steps – which the ferry company admit is not suitable for passengers who are infirm, have prams or small children, or large items of luggage.

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NEW NEWSPAPER FOR BUTE

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ARGYLL Media Ltd, the publishers of the Dunoon Observer and Argyllshire Standard, are delighted to announce the launch of a new weekly title to serve the Isle of Bute.

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REPORT: ‘CULTURE OF BULLYING’ AT NHS HIGHLAND - AND SEPARATE REVIEW ORDERED FOR ARGYLL AND BUTE

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Hundreds of health workers have potentially experienced inappropriate behaviour from management and senior management at NHS Highland, an independent review has suggested.

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