Latest figures show that a total of 17,600 employees and 6,400 self-employed individuals across the Isle of Wight have been supported by the Coronavirus Job Retention Scheme (CJRS) and Self-Employment Income Support Scheme (SEISS) since the start of the coronavirus pandemic.
Businesses have furloughed a total of 17,600 employees on the Isle of Wight since the CJRS was launched on 20th April 2020 (up to 30th June 2020). This is an increase of 2,000 people between 31st May and 30th June and means that 34% of the 52,000 eligible employees have been furloughed as a result of the COVID-19 crisis.
The Isle of Wight is ranked 45th out of 650 parliamentary constituencies for the highest number of eligible employees furloughed, putting the Island in the top 10% worst affected locations.
The SEISS was rolled out ahead of schedule in May and has financially supported 6,400 self-employed individuals here on the Isle of Wight. Grants totalling £17.1million have been paid out to the Island’s self-employed (up to 30th May 2020). There were an additional 300 claims during the month of June, totalling £700,000. The average claim is £2,700.
Those eligible to claim the SEISS grant will be able to claim a second and final grant in August of up to £6,750.
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.”