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Grants to Start Reaching Businesses in Wales This Week

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Businesses will start receiving emergency coronavirus grants by the middle of this week, Economy, Transport and North Wales Minister Ken Skates confirmed.

The Welsh Government is developing a further package of support for the business community to help it deal with the impact of the outbreak. Further details will be available today.

Last week, the Welsh Government announced a £1.4bn package of support for businesses in Wales.

All retail, leisure and hospitality businesses in Wales occupying properties with a rateable value of between £12,001 and £51,000 will receive a grant of £25,000.

This will mean around 8,500 shops, restaurants, cafes, bars, pubs, cinemas, live music venues, hotels, guest and boarding houses and self-catering accommodation will receive funding.

A £10,000 grant will be available to a further 63,500 businesses in Wales, which are eligible for small business rates relief and have a rateable value of £12,000 or less.

The business grants will be distributed by local authorities on behalf of Welsh Government.

Economy, Transport and North Wales Minister, Ken Skates said:

“Our commitment to supporting businesses through these incredibly difficult times is unwavering.

“This announcement provides the assurance the business community needs that urgent funds committed by the Welsh Government will reach them quickly.

“We have cut the red tape so the process of accessing the grants will be easier – only essential information is needed from businesses to receive the funding. Firms can access it in a simple and speedy way through our Business Wales website.

“We are continuing to develop our support for businesses, including the self-employed, as we work to manage the unprecedented impact of this pandemic.

“We will do all we can to ensure that a good business today will be a good business next year.

“I want to thank local authorities and the Welsh Local Government Association for their support in administering these grants. This is another great example of partners coming together in a time of national crisis for the greater good.”

Councillor Anthony Hunt, the Welsh Local Government Association’s finance spokesperson said:

“We know this is an exceptionally anxious time for everyone, with businesses in particular being hit hard by uncertainty.

“Councils are eager to support the Welsh Government to deliver this financial assistance as urgently as possible. We ask firms to apply online as soon as possible to allow local authorities to process all payments.”

Local authority web pages are up and running or being developed to ensure funding is made available quickly. Further information about how businesses can access this funding is available on the Business Wales website – https://businesswales.gov.wales/coronavirus-advice

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Over the past 6 years, Rachel has been working specifically within the digital marketing space and has worked with some of the country’s top brands. During this time, Rachel was a key attribute to the success of our sister product, Recruitment Buzz, which has firmly established itself as one of the leading publications within the Recruitment sector. Drawing on her knowledge and experience, Rachel has developed a genuine understanding of how content can engage and compel an audience.

Having a passion for travel and culture, Rachel left her hometown of Cardiff to pursue studies and travel and after several years away, Rachel returned to Cardiff and firmly established herself within the development of Business News Wales. Rachel is now responsible for every aspect of web management, marketing and overall production of the Business News Wales brand.

Having learnt some invaluable skills within the marketing industry, Rachel is often called upon for her skills and knowledge of WordPress, HTML, email marketing software, Photoshop design and social media tools.
 

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