Government loans and schemes
Coronavirus Job Retention Scheme
If you cannot maintain your workforce because your operations have been affected by coronavirus, you can furlough employees and apply for a grant to cover a portion of their usual monthly wage costs.
The Coronavirus Job Retention Scheme has been extended and will now remain open until 31st March 2021.
The government will pay 80% of wages up to a maximum cap of £2,500 for the hours that the employee has not worked up until January 2021. The level of wages paid by the government will be reviewed in January 2021 and businesses may be asked to contribute more from February 2021.
Employers will have the ability to flexibly furlough their employees by bringing them back to work on a part time basis and claiming the grant for hours not worked. Employers will be asked to cover National Insurance and employer pension contributions for hours not worked.
- How to claim this extended support through an updated claims service will be soon be published on GOV.UK.