Emergency funding for flood-hit businesses from Welsh Government
Businesses in Wales affected by recent devastating floods will be able to access up to £2,500 of emergency Welsh Government funding.
The Business Flood Relief Grant yesterday opened to applications, with firms affected by flooding able to claim support to help them stabilise their operations.
The funding follows damage and disruption caused by Storm Bella in December last year and Storm Christoph in January.
It will be administered by Business Wales and will support firms with the costs of recovery and repair, and help them to meet the cost of renting alternative space and retaining staff.
Economy, Transport and North Wales Minister Ken Skates yesterday said:
Sadly we know around 45 Welsh businesses were affected by recent flooding. This means that on top of all the wider challenges they are facing at the moment these businesses are also having to cope with damaged property, stock and equipment while navigating often complex insurance claims.
Our Business Flood Relief Grant Scheme has been designed to provide financial support to businesses who have felt the full force of devastating floods from recent storms.
We want to help impacted businesses get up and running again as soon as possible and that’s why we have moved to provide a swift response with payments of up to £2,500 per business. This mirrors the approach we took when major flooding hit our businesses last year and is in addition to our wider coronavirus support package.
Environment Minister Lesley Griffiths yesterday said:
As seen recently, flooding can cause devastation to families, households and businesses across Wales – as such, I am very pleased to see the Business Flood Relief Grant announced. Following the flooding seen last year, we provided more than £5 million to local authorities to allow for immediate repairs to flood defences. This grant will provide the support businesses need to help them as they look to recover.
The fund will be administered by Business Wales.
It will remain open to businesses affected by any further storms before the end of March, funds permitting. Eligibility criteria will apply.
Latest News from
Welsh Government boosts support for valued charities and third sector organisations in Wales05/03/2021 11:05:00
The Welsh Government is once again backing volunteers, charities and third sector organisations in Wales who have played a vital role in response to Covid-19, with additional funding support to help meet their needs.
Town Centres in Wales to benefit from £15.2 million placemaking fund05/03/2021 09:05:00
It’s all part of Welsh Government's £110 million town centre regeneration programme, Transforming Towns.
Business rates holiday extended for 12 months04/03/2021 14:05:00
The rates holiday for the retail, leisure and hospitality sectors in Wales will be extended for a further 12 months, the Finance Minister Rebecca Evans yesterday announced.
Health Minister outlines improvement plans for Betsi Cadwaladr University Health Board04/03/2021 11:05:00
A new Targeted Intervention framework for the Betsi Cadwaladr University Health Board has been published following its de-escalation from special measures in November last year.
Additional funding for hospitality, leisure and tourism businesses04/03/2021 10:05:00
The Welsh Government yesterday announced a further £30 million for hospitality, leisure and tourism businesses affected by ongoing coronavirus restrictions.
More pupils to have opportunity to return to schools before Easter04/03/2021 09:05:00
The Education Minister, Kirsty Williams, has announced plans for more pupils in Wales to have the opportunity to return to the classroom ahead of the Easter break.
A Budget to protect public services and boost Wales’ economy03/03/2021 14:05:00
Finance Minister Rebecca Evans has unveiled a Final Budget with plans to protect public services and the Welsh economy, providing timely support to protect lives and livelihoods in the months ahead.
Transport Minister rallies north Wales community against plans to weaken rail services03/03/2021 11:05:00
Minister for Economy, Transport and North Wales Ken Skates has called on community leaders in north Wales to rally support in opposing plans which, if selected, would be detrimental to the region’s rail commuter experience and cross border connectivity.
Wales aims to become world number one recycler as it announces Circular Economy strategy03/03/2021 09:05:00
Welsh Government yesterday published an ambitious strategy to support a green recovery in Wales by transitioning into a ‘circular economy’, as we deal with the triple challenge of the pandemic, climate change and Brexit.