News Article

Covid-19 furlough scheme opens for applications

20 April 2020

A Government scheme to support businesses and help safeguard jobs in the wake of the coronavirus pandemic has opened for applications.

The Coronavirus Job Retention Scheme went live on Monday with businesses able to claim towards staff wages.

The launch of the scheme comes as the Government was warned of the economic cost for many companies of any delay in its implementation.

Under the furlough scheme, employers can go online to claim cash grants worth up to 80% of wages, capped at £2,500 a month per worker.

Approximately 5,000 HMRC staff will operate the scheme, intended to assist thousands of UK firms, with the money due to reach bank accounts within six working days, a statement from the Treasury said.

Phone lines and web-chat services will be available to help answer applicants’ questions, with the scheme launching 10 days ahead of schedule, it added.

The Chancellor earlier announced the scheme will be extended for a further month until the end of June, in light of the ongoing countrywide Covid-19 lockdown.

Read more at: Chester Standard