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The States of Guernsey have today announced 2 key new measures to support local business affected by loss of income due to COVID-19.
1) THE CORONAVIRUS PAYROLL CO-FUNDING SCHEME
What is provided?
The States of Guernsey will help you to pay your employees an amount equivalent to Guernsey’s minimum wage (currently
set at £8.50 per hour, or £8.05 for 16- and 17-year olds). For a 35-hour week, this figure equates to a gross figure of £298.
The States of Guernsey will meet 80% of this figure (i.e. £238 per week based on a 35 hour week).
Employers must make up the remaining 20% (equivalent to £60 per week).
Employers are encouraged to ‘top-up’ these amounts further if they are able to do so.
Am I eligible?
You must meet the below criteria:
- Your business must have been trading for at least 6 months (that is since 1st September 2019); and
- Your business must operate in one of the following sectors:
- hospitality and tourism;
- passenger transport and travel;
- rental and leasing of cars and recreational goods;
- recreation and entertainment;
- event management and event services;
- personal service activities such as hairdressers, beauticians and animal boarding;
- commercial fishing;
- private extra-curricular education such as dance and riding schools;
- non-food and non-pharmacy retail;
- advertising and marketing;
- construction; and
- manufacturing
What else do I need to know?
The support is available for an initial period of up to three months (13 weeks). This will cover the period to late June.
- There is no restriction on the size of business.
- Support will be calculated based on the normal hours worked by your employee(s). Employees must be permanent employees.
- There is a need to continue to collect employee obligations to both ETI and States Insurance (SI) but the Employer
contributions to SI would be deferred.
2) GRANTS TO SMALL BUSINESSES AND THE SELF EMPLOYED
What is provided?
In addition to the above, a flat sum of £3,000 is available to small businesses (those with less than 10 employees) and the self-employed.
Am I eligible?
You must meet the below criteria:
- You are either:
i) a small business (10 employees or less) operating in any of the industries operating above; or
ii) a self-employed person; or
iii) a self-employed person that employs up to 10 persons (including yourself); and
- Your business has been trading for at least 6 months (that is since 1st September 2019)
What else do I need to know?
- The grant is intended to last 3 months.
- Please note other business sectors will be considered if the business can demonstrate hardship as a result of the coronavirus.
How do I apply?
To apply for either of the above support measures, please contact business.support@gov.gg
Should you have any questions, please speak to us.
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