The Coronavirus Job Retention Scheme is now open for applications, 10 days ahead of schedule. Employers can now go online to claim cash grants worth up to 80% of wages, capped at £2,500 a month per worker. 5000 HMRC staff will operate the scheme, which is expected to help thousands of firms across the UK.
Please note the following key guidelines :
All of the details can be found here.
Furthermore, we have launched a new tool to help you find coronavirus financial support for your business. You may be eligible for loans, tax relief and cash grants; this support finder will help you to see what support is available for you and your business by clicking the button.
Finally, the Chancellor of the Exchequer has today announced a new Billion pound support package for innovative firms hit by Coronavirus. The package includes a £500 million investment fund for high-growth companies impacted by the crisis, made up of funding from the government and the private sector. SMEs focusing on research and development will also benefit from £750 million of grants and loans. More details can be found by clicking the button.