Monday, 20 April 2020
Chamber responds to Coronavirus Job Retention Scheme application portal going live
The online portal for the UK’s Coronavirus Job Retention Scheme portal goes live today (20 Apr), meaning affected businesses can apply for financial assistance.
Any firms which have ‘furloughed’ employees because of the ongoing Covid-19 pandemic can apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and pension contributions.
Commenting on the portal’s launch, Scott Knowles, Chief Executive of East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire), said:
“The opening of the Coronavirus Job Retention Scheme will be welcomed by affected businesses, which will now be able to start accessing the financial support they need to pay staff and protect jobs.
“While the Government deserves credit for the way it has responded to the current crisis by introducing a substantial package of measures to provide the financial support that businesses need, its focus must now be on ensuring it is delivered as quickly, smoothly and efficiently as possible so affected employees can be paid without delay.”