Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Coronavirus Job Retention Scheme goes live with promise of payments in six working days

20 April 2020 by
Coronavirus Job Retention Scheme goes live with promise of payments in six working days

The Coronavirus Job Retention Scheme application portal has gone live this morning, with the government saying validated claims will receive funds within six working days.

The scheme to protect jobs allows employers to furlough workers whose roles have disappeared during the coronavirus outbreak, with the government covering 80% of their salaries, or up to £2,500 a month.

Chancellor Rishi Sunak said: "Exactly one month ago today I announced the unprecedented decision to step in and help pay people's wages.

"We promised support would be available by the end of April – today, we deliver our promise."

On Friday Sunak had announced that the scheme would be extended by one month, until the end of June. The news came a day after the government confirmed the lockdown would be extended for another three weeks.

The scheme was originally announced on 20 March and opened for three months backdated to 1 March.

Photo credit: Shutterstock

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking