The main points of the Chancellor’s post-furlough support for businesses, announced on 24 September, are:

Job Support Scheme
The government will subsidise the pay of employees who are working fewer than normal hours due to lower demand
Workers must work at least a third of their normal hours and employers will pay staff for the hours they work
The government and the employer will pay a third each for the hours they can’t work
The grant will be capped at £697.92 per month
All small and medium sized businesses will be eligible for the scheme and larger business will be eligible if their turnover has fallen during the crisis
The scheme will run for six months starting in November and replaces the furlough scheme

Business loans
Bounce Back Loans will be extended from six years to ten years
Coronavirus Business Interruption Loan Scheme lenders will be able to extend the length of loans from six years to ten years
Businesses struggling can choose to make interest only payments for six months or apply to suspend repayments altogether for six months

The 15% emergency VAT cut for the tourism and hospitality industries will be extended to 31 March 2021
Businesses who deferred their VAT bills will be able to pay back their taxes in 11 smaller interest-free instalments

Support for the self-employed
The Self Employment Income Support Scheme Grant will cover 20% of average monthly profits up to a total of £1,875 for the period from November to the end of January 2021
A further grant may be available to cover February 2021 to the end of April, depending on circumstances
Self-assessment income taxpayers can apply to be given more time to pay their tax due