The guidance for the biggest scheme the government is launching for businesses in Jersey – Phase 2 of the Government Co-funded Payroll Scheme – was due to be announced today.
However, the importance of ensuring that the scheme is the best it can be for island businesses, and following feedback from stakeholders, Government needs a few more days to finalise the detailed information and guidance that employers and self-employed people will need.
This information will now be published early next week.
The Minister for Economic Development, Tourism, Sport and Culture, Senator Lyndon Farnham, said: “I understand that many business owners and employees expected clarity on the next phase of payroll support scheme today.
“However, my fellow Ministers and I are keen to ensure that we get all the necessary detail absolutely right, as this will be the biggest injection of financial support ever made into the Island’s economy.”
Government of Jersey News Release.