Businesses across the High Peak affected by the Coronavirus crisis can now claim up to £2,500 a month per member of staff towards their wage bill as part of the Coronavirus Job Retention Scheme, which went live on Monday 20 April.
Employers can apply for direct cash grants through HMRC’s new online portal, with the money landing in their bank accounts within six working days.
The Job Retention Scheme, announced by the Chancellor as part of a package of support to protect jobs and businesses, allows employers to claim for a cash grant of up to 80 per cent of a furloughed employee’s wages, capped at £2,500 a month.
Last week the Chancellor announced the Scheme will be extended for a further month until the end of June, to reflect continuing Covid-19 lockdown measures.
Millions of people across the UK are expected to benefit from the scheme, with businesses including Pret a Manger and Brewdog using it to ensure staff keep their jobs and are paid, whilst many high street businesses are closed.
HMRC’s easy-to-use portal has a step-by-step application process, and up to 5,000 staff will be manning phone lines and webchat services to ensure any questions can be answered.
Robert Largan MP commented:
“This is welcome news for business across the High Peak in what are unprecedented times. The Coronavirus Job Retention Scheme will protect millions of jobs in the High Peak and is now live.
“I would encourage as many High Peak businesses as are eligible to apply for the funding. It is vital that our economy gets up and running again as soon as it is safe to do so, and this scheme will allow that to happen.
“I would also urge everyone across the High Peak to follow Government guidelines to stay at home, protect our NHS and save lives. If you need help or advice please do not hesitate to contact me.”