£2.5 million Welsh Government support for businesses hit by flooding
The Welsh Government is making up to £2.5 million emergency funding available to support businesses severely impacted by floods caused by Storms Ciara and Dennis.
Businesses recovering from the devastating effects of the floods, specifically small to medium sized enterprises, will be able to apply for a grant of up to £2,500 each to help get them fully functional as quickly as possible.
The First Minister recently announced that up to £10 million is being made available for the initial response to the floods and today’s announcement forms part of that support package.
The fund will be administered by Business Wales and will support businesses with the immediate costs of recovery not covered by insurance, and to help meet the cost of renting alternative space and retaining staff.
Further details on how to apply for the fund will be made available in the coming days through the Business Wales website and businesses can also contact the Business Wales helpline on 0300 060 3000.
The £2.5 million fund is in addition to support the Welsh Government will provide for local authorities to meet the costs of discretionary business rates relief due to flooding for up to three months where a number of business premises are affected in a concentrated location.
Economy, Transport and North Wales Minister Ken Skates said:
Communities and business have suffered devastating and unprecedented effects from recent storms and subsequent flooding.
I have seen, first hand, the great community response to help people in need as well as the work of volunteers.
Today, the Welsh Government is announcing up to £2.5 million to support businesses, specifically SMEs, who have felt the full force of the floods. Each impacted business will be able to apply for up to £2,500 each to help get up and running again.
This will be in addition to meeting Local Authorities’ eligible costs for the use of discretionary rates relief due to flooding.
As a government, we continue to work closely with councils to get a clear picture of the scale of the damage. This will determine how much additional funding is needed and what financial support we would look for the UK Government to provide.
Latest News from
Unpaid carers encouraged to use rapid COVID self-test kits12/05/2021 11:25:00
Access to rapid COVID self-test kits (lateral flow tests) are now available to unpaid carers.
Wales pilot test events get underway12/05/2021 09:05:00
As the coronavirus restrictions continue to relax in Wales, Welsh Government has announced a proposed list of pilot test events to take place over the forthcoming weeks.
Ministry of Justice Mediation Voucher Scheme11/05/2021 14:05:00
The Ministry of Justice (MoJ) has developed a mediation voucher scheme, whereby a contribution of up to £500 per case/family to the mediation costs of a child arrangements case will be offered.
Hundreds of ventilators to be sent to India from Wales11/05/2021 11:05:00
Medical equipment will be sent from Wales to support the international emergency response to the coronavirus pandemic in India.
GO Awards success!11/05/2021 09:33:00
The Critical Equipment Requirement Engineering Team (CERET) has been named winners of the COVID-19 Outstanding Response award at the 2021 Government Opportunities (GO) Awards Wales.
UK CMOs agree to lower UK COVID-19 alert level10/05/2021 14:05:00
Statement from UK CMOs lowering the UK COVID-19 alert level from level 4 to level 3.
Welsh Government update – AstraZeneca Vaccine07/05/2021 14:05:00
Adhering to the latest expert information, as a precautionary measure we will immediately implement the change in advice from JCVI and MHRA and offer those under 40 (with no clinical risk factors) who are not yet vaccinated an alternate to AstraZeneca.
Coronavirus restrictions relaxations confirmed30/04/2021 16:10:00
The Welsh Government has confirmed changes to the coronavirus restrictions in Wales from Monday 3 May.