Chamber CEO Comments on Job Retention Scheme Extension

12 May 2020

Published in: Black Country Chamber of Commerce News

Chamber-CEO--Comments-on-Job-Retenetion-Scheme-Extension-

Corin Crane, CEO of the Black Chamber of Commerce said, “We have been lobbying for an extension of the furlough scheme, alongside our fellow business support agencies, for a number of weeks now and today’s announcement is very welcome.

“Research carried out by the British Chambers has shown that the scheme has become a key part of wider government support for businesses, with more than 70 per cent of firms surveyed furloughing a portion of their staff.

"We are now seeing the very cautious approach to reopening the economy, so the last thing we want are unnecessary redundancies across all business sectors in our region and in the UK.

“Over the coming months, the government should continue to listen to business and evolve the scheme in line with what’s happening on the ground.

"Further support may yet be needed for companies who are unable to operate for an extended period, or those who face reduced capacity or demand due to ongoing restrictions.”

BCC Director General Adam Marshall said: “The extension of the Job Retention Scheme will come as a huge help and a huge relief for businesses across the UK.

“The Chancellor is once again listening to what we’ve been saying, and the changes planned will help businesses bring their people back to work through the introduction of a part-time furlough scheme.

"We will engage with the Treasury and HMRC on the detail to ensure that this gives companies the flexibility they need to reopen safely.”

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