Cash Boost For Welsh Businesses
Up to ÂŁ25,000 for those still affected by coronavirus restrictions
Businesses in Wales still affected by coronavirus restrictions will be able to claim up to ÂŁ25,000 more in support to help meet ongoing costs.
This next package of business support comes as the Welsh Government confirmed up to six people from six different households can meet in cafes and pubs, when they open from May 17.
This latest support package will help those businesses, which remain affected by restrictions, to meet ongoing costs through to the end of June as they prepare for re-opening and more normal trading conditions.
Businesses that stand to benefit include:
- Nightclubs and late entertainment venues;
- Events and conference venues not covered by the Welsh Government’s Cultural Recovery Fund (CRF);
- Hospitality and leisure businesses, including restaurants, pubs and cafes;
- Supply chain business, which have been materially impacted by restrictions.
The support is the first phase of a ÂŁ200m package earmarked for the incoming Welsh Government to help businesses affected by the pandemic.
Ministers have made an immediate decision to release funding to support businesses affected by the restrictions but there will be further decisions for the incoming Welsh Government to make about further support, to help businesses recover and develop when restrictions are relaxed further.
First Minister Mark Drakeford said: “The public health situation continues to improve in Wales – we have the lowest coronavirus rates and the best vaccination rates in the UK.
“We know the restrictions have helped to keep us all safe but they have had a big impact on Welsh businesses, which is why we are making more funding available to support firms and safeguard jobs.
“Eligible businesses will receive support of up to £25k as they prepare to reopen and move towards more normal trading conditions.
“My new government will provide more detail about the extra financial support we will be providing to businesses to help them develop and grow as Wales recovers from the impact of the pandemic.
“As we continue to relax the restrictions, I can confirm that from Monday, up to six people from six different households will be able to meet indoors in regulated settings, such as cafes and pubs.”
An eligibility checker will open on the Business Wales website at midday on 17 May so businesses can find out how much support they are likely to be entitled to and how to apply.
Businesses will be able submit applications by the end of the month and they will receive between ÂŁ2,500 and ÂŁ25,000 depending on their circumstances. Funding will be calculated based on the size of the business and the type of restrictions they are under.