Balfour Beatty rethink sees it join industry peers and pay back furlough cash

By Dave Rogers2021-03-10T09:46:00

Firm returns £19m ahead of paying out shareholder dividends

Balfour Beatty has paid back the £19m it received in furlough money from the government last year – after previously saying it wasn’t planning to do so.

Last December, the country’s biggest contractor said it would be paying a dividend on the back of its 2020 performance but said it was not planning to return the money which was used to help pay the wages of 3,000 employees – around a quarter of its UK workforce – it put on the government’s Job Retention Scheme.

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