The government’s Coronavirus Job Retention Scheme has been extended until the end of June to continue to ensure the protection of jobs across the UK.

With social distancing measures continuing across the UK, the government announced the extension of the furlough scheme, providing businesses with the certainty they require throughout the coronavirus pandemic.

The scheme, which is under review and may be extended if necessary, allows firms to furlough staff with the government paying cash grants of 80% of their wages up to a maximum of £2,500.

Chancellor of the Exchequer, Rishi Sunak, said, in light of new lockdown measures, it was correct to extend the scheme to offer clarity to businesses extension:

“It is vital for people’s livelihoods that the UK economy gets up and running again when it is safe to do so, and I will continue to review the scheme so it is supporting our recovery.”

HMRC have produced this step by step guidance on how to make a claim.

The government have also created a calculator to help you work out the figures to make your clam.

To start your Coronavirus Job Retention Scheme claim, please click here.

For more information the Coronavirus Job Retention Scheme,  please visit the GOV.UK website.

Additionally, today saw the launch of the Large Coronavirus Interruption Loan Scheme, offering firms with a turnover of more than £45 million loans up to £25 million, and firms with a turnover of over £250 million can apply for up to £50 million. Find out more on our website.

For further business support regarding the coronavirus pandemic please visit our dedicated business support page, or contact our team on 01905 677 888 or email info@worcestershiregrowthhub.co.uk.