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RMcH states: The Government has recently published its economic recovery plan setting out a new phase of supports, investment and policies as economic activity resumes and people get back to work.
The plan is divided into four pillars focused on a jobs led recovery.
It provides for the enhancement and extension of the Employment Wage Subsidy Scheme (EWSS) and Covid Restriction Support Scheme (CRSS) as well as a new Business Resumption Support Scheme. The EWSS has been extended beyond 30th June until 31st December 2021. Current enhanced payment rates will be maintained for Quarter 3 at current turnover thresholds. To benefit more firms, the time period for assessment will be broadened from the current 6-month period of assessment to a full 12-month period.
The CRSS has also been extended until 31st December 2021 with an enhanced restart payment of three weeks at a double rate of payment available to eligible businesses re-opening and exiting the scheme.
Other key points of the economic recovery plan include:
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