Wales Businesses Urged, Get Support
Welsh Government recently announced an extra £200m to help firms through to March 31. They estimate thousands of eligible businesses have not registered and could be missing out.
As businesses need to have registered with local authorities by last October to receive the payments, Welsh Government is urging firms that have not yet done so, to take action now.
Who could be eligible?
The support package is mainly for businesses paying non-domestic rates and forced to close or operate differently as a result of coronavirus restrictions.
Under this package, eligible businesses with a rates value of under £12,000, such as a small hairdressers or florists, would be entitled to receive £6,000 for the December to March period.
Firms with rates value below £150,000, e.g. a clothes shop, restaurant or gym, would be entitled to £10,000 for the same period. Money is to help with rent, utilities and insurance.
Additional to existing funds…
This funding is on top of support from Welsh Government’s £180 million sector specific fund for tourism.
It is also in addition to income support offered by the UK Government such as the Job Retention Scheme and Self Employment Income Support Scheme.
Businesses that had a payment via their local authority since the firebreak lockdown in October 2020 need NOT take further action.
Businesses who have not registered with their local authorities since the firebreak in October should visit the Business Wales website for next steps to take.
For any questions on business support, don’t hesitate to contact our team of trusted advisors at email@example.com.