The online service to claim 80% of wages costs, up to £2,500 per month, for furloughed staff (employees who have been asked to stop working but have not been made redundant) is now open. Employers who apply by Wednesday 22 April 2020 will receive their money before the end of the month.
This is a temporary scheme in place for four months starting from 1 March 2020, but it may be extended if necessary and employers can use this scheme anytime during this period. It is designed to help employers whose operations have been severely affected by coronavirus to retain their employees and protect the UK economy. All employers are eligible to claim under the scheme.