- The Government have announced a range of financial support packages including income support for furloughed employees and the self-employed.
- The Coronavirus Job Retention Scheme opened to applications on 20 April. It has been extended to cover furloughed employees until the end of October and new starters who were on the payroll by 19 March. There will be no changes made to the scheme up to the end of July. From August some flexibility will be introduced to the scheme, with specific details available at the end of May.
- The Coronavirus Job Retention Scheme has been confirmed to apply to HE providers, but with limitations around public funding including SLC-funded tuition fees – read the official guidance for details.
- HE providers can access the Coronavirus Business (and Large Business) Interruption Loan Schemes, and the Covid-19 Corporate Financing Facility. It should be noted that “any grant from the CJRS should not duplicate other sources of public funding where these are being maintained, such as UK home student tuition fees.
- ‘Bounce Back’ Loans of up to £50,000 have been launched for SMEs, with 100% government guarantees and no interest or repayments in the first year.
- SLC ‘term 3’ tuition fee and maintenance payments will be made as scheduled.
- SLC have closed their offices, helpline and social media – read their statement.
- SLC tuition fee payments in 2020-21 will be restructured so that the 25% due in Term 2 will be paid earlier – read the SLC FAQ.
- Government Support Package for Higher Education Providers and Students
- Business Support: financial and economic support for businesses
- Specific guidance on the financial support for higher education (including eligibility for the different schemes)
- Step-by-step guide to the Coronavirus Job Retention Scheme from HMRC
- Department for Education – defining ‘key workers’ within higher education institutions
- Updated CJRS guidance
- HMRC – videos and webinars on business support and Job Retention Scheme
- Newable SME Covid-19 Webinar Series
- Shakespeare Martineau – Covid-19 Resource Hub
- Shakespeare Martineau – Webinar series
- Pinsent Masons – Advice for UK HR professionals
- Pinsent Masons – Coronavirus news and information
- Pinsent Masons – Coronavirus: immigration implications for UK employers
- VocTech Trust has launched a fund to support providers who deliver vocational learning sector in the UK during the Covid-19 pandemic to help them move online
- House of Commons – Coronavirus: implications for the higher and further education sectors in England
- Letter from Emma Hardy MP, Shadow Minister for Universities
- NUS Student Safety Net Campaign