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Business support extended to more sectors

02 February 2022

The Co-Funded Payroll Scheme (CFPS) has been extended to additional sectors for claims for January 2022 (to be made in February).

Following a review by the Council of Ministers, the Minister for Treasury and Resources has extended CFPS eligibility to include wholesale and retail businesses, hairdressing and other beauty treatments, driving schools, sports activities (including gyms), physical well-being activities, sports, recreation and cultural education and childcare.

The Minister for Treasury and Resources, Deputy Susie Pinel, said: "The CFPS is the most effective tool we have to respond to the impact that public health measures have had on businesses. When we brought back the scheme in December, we committed to keeping it under review to ensure it was able to provide support to all the sectors that were severely impacted, and this latest change shows we have done this.

"It is intended that this is the final extension of the Scheme. The CFPS, together with other business support schemes, has protected the livelihoods of 15,000 Islanders throughout the pandemic. Now that public health measures have been withdrawn, we are entering a new phase of the pandemic and we look forward to a brighter year ahead, where the economy is able to operate free from restrictions."

The Minister for Economic Development, Tourism, Sport and Culture, Senator Lyndon Farnham, said: "I am very pleased that we have been able to extend support to these sectors following further engagement with the business community. Providing support throughout the pandemic has been essential to retain businesses and protect jobs."

Eligible businesses can claim up to £1,250 per employee if their income for January 2022 fell by more than 20% compared to January 2020.

For more information: Government support for businesses

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