Tuesday 11 August 2020
Select a region

Minister amends wage subsidy scheme

Minister amends wage subsidy scheme

Thursday 02 July 2020

Minister amends wage subsidy scheme

The payroll co-funding scheme has been changed so businesses are also eligible if they can report a 30% loss over three months rather than just one month.

Signed off today by the Treasury Minister, the scheme has now changed in terms of who is eligible to claim Government support to pay 80% of each employee’s wages.

Originally, any business applying only had to prove a 30% loss on the previous month, but this has now been extended to this level of loss over a three-month period – meaning applicants must now demonstrate a drop in turnover dating back to March in order to claim going forward.


Pictured: The scheme which subsidises employee wages has been amended.

Holiday clubs, if they meet the criteria, will also be eligible to claim from now on to ensure they’re able to open and provide childcare during the school holidays. 

Both changes are effective for claims for June 2020 onwards and applications for last month opened yesterday, (Wednesday 1 July). 

Minister for Economic Development Senator Lyndon Farnham said: “We continue to review and improve the payroll support scheme in response to the changing circumstances businesses find themselves in.

“This is unchartered territory for the island, its businesses and, inevitably, unforeseen issues arise as we progress. It is important that the Government monitors the impact, is responsive and is ready to evolve the scheme if necessary.” 


Pictured: Senator Lyndon Farnham.

The scheme has been extended until at least August, when it will be reviewed again by Ministers. 

Government say that in considering the future of the scheme, Ministers will balance the ongoing need to make prudent use of public money with the importance of giving certainty to business, and the importance of avoiding a cliff-edge to any financial support.

Sign up to newsletter



Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.

Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.

Posted by Keith Marsh on
Sounds a much better idea and use of Public money. No more holding off invoicing till next month, hopefully.
To place a comment please login

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?