Job retention scheme extension throws lifeline to small employers

Added by Love Business East Midlands | 20 April 2020

UPDATED: 20 April 2020

Responding to the announcement that the Chancellor has extended the job retention scheme to June, Federation of Small Businesses (FSB) National Chairman Mike Cherry said:

“Extending the retention scheme will provide a real lifeline for small employers – giving them space to plan ahead in the knowledge that government support will be there for another month. Following our conversations with government, it’s good to see this step forward.

“With revenues drying up completely over the past three weeks, thousands of small employers have had to pay March’s payroll out of their own pockets. With April’s pay day fast approaching, it’s critical that the job retention scheme is firing on all cylinders when it launches on Monday.

“The retention scheme must pay out swiftly. Until now, the only means to easing the cashflow crunch for many small firms has been the, to date, lacklustre coronavirus business interruption loan initiative. Small business all over the country are on the brink today. They need cash now.”

Author of this COVID-19 Business Support Hub Article

Nicola Moss, Operational Support Coordinator – East Midlands (FSB)

Nicola Moss

Operational Support Coordinator – East Midlands Federation of Small Businesses.

Nicola is a professional in events, social media marketing and communications supporting small businesses. Her expertise positions her well to help small business owners find support and opportunities through marketing and communications.

The FSB mission is to help smaller businesses achieve their ambitions. Established 45 years ago, FSB is the UK’s largest grassroots business campaigning group, which ensures the voice of small businesses is heard at the highest level across the UK, as well as providing business services and products to our members.

As experts in business, FSB offers members a wide range of vital business services, including advice, financial expertise, support and a powerful voice in Government.

How to get in touch with Nicola Moss

www.fsb.org.uk

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