The Government’s Coronavirus Job Retention Scheme has so far protected 33,900 jobs in Milton Keynes, with thousands more benefiting from the Self-Employed Income Support Scheme.
As part of the furlough scheme the Government provides grants covering 80 per cent of people’s wages, up to £2,500 a month.
Alongside this 8,300 self-employed people have taken advantage of the Self-Employed Income Support Scheme with Government pay-outs so far totalling £24,700,000 in MK.
Ben Everitt, the MP for Milton Keynes North, commented, “This has been an incredibly difficult and challenging time for businesses and people so I’m pleased the Government’s scheme has managed to protect tens of thousands of jobs in MK.
“Ensuring people can remain in work not only protects the livelihoods of so many people, but it also means our economy is in a good position to bounce back as we recover from the coronavirus.”
Iain Stewart, the MP for Milton Keynes South, added, “The Furlough Scheme has been one part of the Government’s package of support to businesses, employees and the self-employed. In the coming weeks, we will be announcing further measures to help the economy bounce back.”