PRESS RELEASE Government Agrees to Extend Credit Guarantee Scheme and Redundancy Provisions

The Government this week agreed to extend two measures which were brought in to help businesses during the pandemic.

The COVID-19 Credit Guarantee Scheme (CGS) will now stay open for new applications until the 30 June 2021. The suspension of redundancy provisions relating to temporary lay-off and short-time work, which arose as a result of COVID-19, will be extended until 31 March 2021. The Government also agreed to fund outstanding applications to the now closed Restart Grant Plus Scheme.

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