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IoD Statement - States of Guernsey Payroll Co-Funding Update

IoD Statement - States of Guernsey Payroll Co-Funding Update

The IoD welcomes the swift response that the Policy & Resources Committee made regarding the question of the support recovery clause for payroll co-funding. A number of our members had voiced their need to take up payroll co-funding to help protect jobs without potential profits being penalised. 

 The IoD equally understands the need for accountability, which is a cornerstone of good governance, and the Policy & Resource Committee is rightly trying to balance support for business with protection of public funds at such a critical time for the island’s economy.

We understand that the Policy & Resources Committee is keeping the business support measures under review, which we would encourage given the fast-moving nature of the situation. We will continue to engage with the Committee to represent our members’ views and lend support as appropriate over what is, for many, a challenging time for the business community.

IoD welcomes payroll co-funding to help protect jobs without potential profits being penalised.
Last Updated: 04th February 2021 First Published: 04th February 2021

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