Further support for Welsh businesses
Businesses in Wales still affected by coronavirus restrictions will be able to claim up to £25,000 more in support to help meet ongoing costs, First Minister Mark Drakeford has announced.
This next package of business support comes as the Welsh Government confirmed up to six people from six different households will be able to meet in indoor regulated settings, such as cafes and pubs, when they open from May 17.
Since the start of the pandemic, the Welsh Government has provided more than £2bn to tens of thousands of businesses across Wales to help them through the pandemic.
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 £200m 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 £2,500 and £25,000 depending on their circumstances. Funding will be calculated based on the size of the business and the type of restrictions they are under.
This support is in addition to the Welsh Government’s £610m non-domestic rates relief which will mean more than 70,000 retail, leisure and hospitality businesses pay no rates in 2021-22.
Latest News from
Help for learners to take their next steps as Wales moves forward16/06/2021 14:10:00
Jeremy Miles, the Minister for Education and Welsh Language, published the Welsh Government’s Renew and Reform plan for education today (Wednesday June 16).
Calls for 4 nation finance meeting with the Chancellor16/06/2021 13:10:00
The Finance Ministers of Wales, Scotland and Northern Ireland have written to the Chancellor of the Exchequer calling for an urgent meeting with him to discuss a range of issues, including financial recovery from the Coronavirus (COVID-19) pandemic.
“UK Government plans to replace EU funds fails Wales financially and is a deliberate and unacceptable assault on Welsh devolution” – Vaughan Gething16/06/2021 12:10:00
The UK Government’s decision to bypass Welsh Government and directly allocate funding for regional and local development via UK-wide funds is a clear assault on Welsh devolution and fails to meet repeated EU referendum promises that Wales “will not be a penny worse off” outside the EU, Economy Minister Vaughan Gething said yesterday.
A stronger, greener, fairer Wales for everyone16/06/2021 09:10:00
The First Minister has set out ambitious plans for a stronger, greener and fairer Wales as he launches the Programme for Government.
Minister welcomes new statistics showing more people are now in work in Wales15/06/2021 16:25:00
Economy Minister Vaughan Gething has welcomed new statistics published today showing the number of people in work is highest since March last year, with the unemployment rate in Wales remaining below that of the UK.
‘We must invest more in support services for those recovering from the effects of Covid-19’ - vows Health Minister Eluned Morgan as new Adferiad (Recovery) support programme is launched15/06/2021 14:15:00
‘Investing in services and a dedicated support programme for those recovering from the long term effects of COVID-19 is crucial as we begin the recovery from the pandemic’, Health Minister Eluned Morgan has vowed after meeting with clinicians and patients
First Minister marks landmark change in blood donation rules15/06/2021 11:05:00
The First Minister yesterday gave blood on World Blood Donor Day (14 June) to mark the change in eligibility rules allowing more people to donate.
Economy Minister confirms further Welsh Government support for businesses impacted by phased move to alert level 115/06/2021 09:05:00
Businesses in Wales materially affected by the phased move to alert level 1, such as indoor attractions and wedding venues, will receive £2.5 million in further support from Welsh Government, Economy Minister, Vaughan Gething, yesterday announced.
Land Transaction Tax update: summer 202114/06/2021 15:33:00
An update on our Land Transaction Tax (LTT) system and guidance for tax professionals.