he Coronavirus Job Retention Scheme (CJRS) will be extended until the end of April 2021. The rates and terms of the CJRS will remain the same as they currently are (with the government paying 80% towards hours not worked).
The program of government backed loans (Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, and the Coronavirus Large Business Interruption Loan Scheme) were due to close at the end of January 2021, though this is being extended to the end of March 2021.
It has also been confirmed that the next Budget will take place on 3 March 2021 and that additional support measures will be announced then. This will ensure that businesses have clarity over the next phases of support ahead of the forty-five day redundancy notice period required before the CJRS ends.