42,000 jobs saved in Enfield Borough
The Government has protected 42,000 jobs through the ‘job retention scheme’ in Enfield Borough.
In more detail, this covers; 15,600 jobs in Edmonton, 12,700 jobs in Enfield North and 13,700 jobs in Enfield Southgate.
During this time of uncertainty due to Covid19 the Government’s Job Retention scheme has protected 42,000 jobs across Enfield Borough. This has ensured that households in Enfield Borough have been able to pay their bills, put food on the table and be able to spend money supporting local business – which will have saved many more additional jobs – as we reopen the economy.
Since the Job Retention Scheme has been launched the Government stepping in and helping pay people’s wages–through a scheme which is one of the most generous of any in the world–paying grants to support as many jobs as necessary. Any employer in the country–large, small, charitable or for profit–who promises to retain their staff, can apply for a grant to cover most of the cost of paying people’s wages. Government grants will cover 80 per cent of the salary of retained workers up to a total of £2,500 a month–above the median income.
This has been part of the Governments world-leading economic response to coronavirus. This includes the Coronavirus Job Retention Scheme, helping to pay people’s wages, an unprecedented package of loans and grants available to businesses, and a Bounce Back Loan Scheme that enables small businesses to borrow up to £50,000 and access the cash within days.
