Wolverhampton South West benefits from unprecedented measures announced by the Chancellor

  • The furlough and self-employment schemes have been a lifeline for millions of people and businesses.
  • The Coronavirus Job Retention Scheme has supported nearly 9 million jobs, at a value of £20 billion, benefitting over a million businesses.
  • More than 2 million self-employed people are receiving support through the Self-Employment Income Support Scheme.
  • Figures for Wolverhampton South West show that 9,100 jobs have been protected through the furlough scheme. There are also 2,500 self-employed people benefitting from £6,500,000 of support. 

Wolverhampton South West has received unprecedented economic support to protect jobs and businesses during the Coronavirus outbreak. 9,100 jobs have been protected through the Coronavirus Job Retention Scheme, with Government grants covering 80 per cent of people’s wages, up to £2,500 a month. 

2,500 self-employed people in Wolverhampton South West are receiving grants worth a total of £6,500,000 from the Government to help with the impact of Coronavirus. 

Across the West Midlands, people and businesses are benefitting from the Chancellor’s world-leading economic support: 

  • 697,100 people have been supported through the furlough scheme.
  • 185,000 self-employed people are receiving grants worth £521,000,000 thanks to the Self-Employment Income Support Scheme.

The Government’s top priority has always been to support people, protect jobs and businesses through this crisis, and the furlough and self-employment schemes have been a lifeline for millions of people and businesses across the country.

Commenting, Stuart Anderson MP said: “This is a hugely challenging time for people and businesses. The Government’s schemes have helped to protect the livelihoods of thousands of people in Wolverhampton South West. This country has a world-leading economic response to Coronavirus. As we move through the second stage of our roadmap to recovery, we are determined to kick-start the engine of our economy while continuing to provide flexible support to those who need it.”

“Over the last few weeks and months, I have been working closely with local businesses and the organisations which support them – the Department for Work and Pensions, the Black Country Chamber of Commerce, and the City of Wolverhampton Council, as well as many others. I have also been escalating particular concerns to my ministerial colleagues and will continue to do so”

“I am determined to do everything that I can to ensure people can pay their bills and put food on the table – as people continue to stay alert, to control the virus and save lives. If any constituent requires specific assistance, I would encourage them to contact me and my team.”

CJRS

The Chancellor of the Exchequer, Rishi Sunak, said: “Our economic response to coronavirus was designed to keep people in work, protect people’s incomes, and support businesses. These measures have been on a scale unmatched by any government in recent history. All to give us the best chance of recovering quickly as the economy reopens.

“Now our energies are focused on getting people back to work safely, growing the economy and ensuring people can thrive in the new post-Covid world.”

 

SEISS