Government’s Unprecedented Measures Support Torbay Economy
Torbay’s MP Kevin Foster has welcomed new figures showing Torquay and Paignton has received unprecedented economic support to protect jobs and businesses during the Coronavirus outbreak.
12,400 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. In addition, 4,500 self-employed people in Torquay and Paignton are receiving grants worth a total of £12.6 million from the Government to help with the impact of Coronavirus.
Across the South West Region, people and businesses are benefitting from the Government’s economic support:
654,800 people have been supported through the furlough scheme.
224,000 self-employed people are receiving grants worth £665,000,000 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 Kevin Foster MP said:
“The furlough and self-employment schemes have been a lifeline for millions of people and businesses, including thousands here in our bay.”
“These figures show just how many jobs have been protected in our community by them, helping keep people in employment and pay their bills, whilst allowing employers to keep crucial teams in place ready for when they can get back to work.”