Covid-19: Grants To Support Local Business

Covid-19: Grants To Support Local Business


Tuesday 31st Mar 2020


                       

26/03/20

The Welsh Government has recently announced a £1.4 billion support package for businesses in Wales to help combat the economic impact of Coronavirus (COVID-19).

All retail, leisure and hospitality businesses with a rateable value of £500,000 or less will receive 100% non-domestic rates relief for 2020-21. This will be administered automatically through the Council's Rate Scheme and will apply automatically.

In addition to the business rate relief scheme, the Welsh Government has announced that an additional £850m will be made available through a new grant scheme for businesses.

This will mean that all businesses, which are currently eligible for Small Business Rates relief, that is those with a rateable value up to £12,000, will receive a grant of £10,000. If you believe you are an eligible business clickherefor the application form and follow the processes outlined.

Retail, leisure and hospitality businesses with a rateable value between £12,001 and £50,000 will receive a grant of £25,000. If you believe you are an eligible business clickherefor the application form and follow the processes outlined.