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Grants and Funding News
25Mar

Coronavirus Job Retention Scheme

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Fund Information

Funding body:

HM Revenue and Customs (HMRC)

Maximum value:

Discretionary

Application deadline:

None specified

Background

This programme will be provided by HM Revenue & Customs (HMRC).

Objectives of Fund

Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during the coronavirus crisis.

To access the scheme, applicants will need to:

  • Designate affected employees as ‘furloughed workers,’ and notify their employees of this change. Altering the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation.

  • Submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal (HMRC will set out further details on the information required).

Value Notes

Employers will be able to contact HMRC for a grant to cover most of the wages of their workforce who remain on payroll but are temporarily not working during the coronavirus outbreak.

Salaries will be paid at 80% of their current level up to a maximum of £2,500 per worker each month. These grants will be available by the end of April.

The funding will be backdated to 1 March 2020 and will be initially open for three months, to be extended if necessary.

Who Can Apply

All UK business and employers with a PAYE scheme, small or large, will be eligible for the scheme. This includes employers across the private and public sector and charities and non-profit organisations.

Location

United Kingdom.

How To Apply

HMRC is working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.

Once the new online portal is live, applicants will be able to submit information to HMRC about the employees that have been furloughed and their earnings (HMRC will set out further details on the information required).

HMRC expects the first grants to be paid within weeks, and is aiming to get it done before the end of April.


Useful documents & links

Useful Links


Addresses and contacts

For further information on how to obtain this grant locally, please contact the following:

  1. Enquiries
    HM Revenue and Customs (HMRC)
    Tel: 0800 0159 559

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