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New guidance on £9 billion Job Retention Bonus, set to benefit millions of businesses (gov.uk)

02 Oct 2020

New guidance on £9 billion Job Retention Bonus, set to benefit millions of businesses (gov.uk)

Further information has been published today on how businesses can claim the government’s Job Retention Bonus, with millions set to benefit from the £9 billion package.

  • the Job Retention Bonus, worth up to £9 billion is set to support millions of employers who have kept on furloughed workers
  • the bonus will work alongside newly announced Job Support Scheme and could be worth more than 60% of average wages of workers who have been furloughed – and are kept on until the start of February 2021
  • businesses can claim for the Bonus from 15 February until the end of March
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