11% of eligible employees were furloughed through the Coronavirus Job Retention Scheme (CJRS) as of the end of August, according to the latest Government data.
The CJRS and Self-Employment Income Support Scheme (SEISS) schemes are run by HM Revenue and Customs (HMRC) as part of a package of support measures for businesses affected by the coronavirus outbreak.
Businesses had 5,600 employees on furlough on the Island as of 31st August 2020, whilst the SEIS scheme saw 5,400 claims made to 30th September for the second round of grants. The total value of these SEISS claims was £12.7million.
Rishi Sunak, Chancellor of the Exchequer, said:
“The UK Government is doing everything we can to protect jobs and businesses in the Isle of Wight and across the UK during the crisis. Our unprecedented job retention and self-employment support schemes have supported the livelihoods of millions and will help ensure our recovery is as swift as possible.”
90% of the 4.3 million employees that left the CJRS furlough scheme between April and July 2020 were still on their original payroll in August 2020, suggesting they remain working for their original employer.