Nia Griffith MP is encouraging Llanelli businesses to consider applying for help under the UK Governmentâs Job Retention Scheme to protect jobs and livelihoods in the West Wales economy under threat due to the COVID-19 crisis.
Under the scheme, the UK Government will cover 80% of âfurloughedâ workersâ wages plus any employer National Insurance and pension contributions if they are put on leave. The application process opened today with over 67k claims received in the first 30 minutes of opening for the funding, capped at ÂŁ2.5k per worker.
NIA GRIFFITH MP said:
âAll eligible employers need to consider taking advantage of this support so that we can do as much as we can to protect peopleâs jobs, businesses and incomes here in Llanelli. Keeping as many employees on the payroll as possible will help them to deal with the immediate economic effects of COVID-19 and also go a long way to reducing the length and severity of any subsequent recession.
âClaims should be made online and the scheme can be accessed by any organisation with a UK payroll such as businesses and charities. Subject to security and fraud checks, payment should be made by HM Revenue and Customs six working days.â
âThe effective delivery of the scheme in getting financial help quickly to the frontline will be yet another key test for the UK Government. I know that many businesses in Llanelli need help as a matter of urgency so we canât afford for there to be any delays in either the application process or the payment of funds to local employers.â
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