Chancellor Extends Coronavirus Job Retention Scheme to End of June

Chancellor Extends Coronavirus Job Retention Scheme to End of June

Friday, 17 April, 2020

The Government's furlough scheme, which aims to keep millions of people in employment, will be extended for a further month, the Chancellor of the Exchequer has confirmed.

Following the announcement of continuing social distancing measures, the Chancellor said the Coronavirus Job Retention Scheme (CJRS) would now be open until the end of June in order to provide businesses with the certainty they need.

The scheme, which allows firms to furlough employees with the Government paying cash grants of 80% of their wages up to a maximum of £2,500, was originally open for three months and backdated from the 1 March to the end of May. However, the Chancellor said he would keep the scheme under review and extend it if necessary.

Future decisions on the scheme will take into account further developments on the wider measures to reduce the spread of coronavirus, as well as the responsible management of the public finances.

Rishi Sunak, said:

'With the extension of the coronavirus lockdown measures ... it is the right decision to extend the furlough scheme for a month to the end of June to provide clarity.

'It is vital for people's livelihoods that the UK economy gets up and running again when it is safe to do so, and I will continue to review the scheme so it is supporting our recovery.'

HMRC expects the scheme to be fully operational during the week commencing 20 April 2020.

More information about this funding opportunity and the application process is available on the GRANTfinder funding information platform. GRANTfinder provides up-to-the minute content, insight and analysis on funding news. To find out more about how GRANTfinder can keep you in the know, and subscription fees, contact us today.

other funding news

Find the latest news on funding opportunities, policy and the hot topics relevant to organisations within the public, private, or voluntary and community sectors. Written by our experienced content team we’ll keep you in the know with all things funding.

Interested in finding out more about GRANTfinder
and subscription fees?

GRANTfinder

Supporting you at every step of your funding journey