Global Statistics

All countries
526,948,873
Confirmed
Updated on May 21, 2022 4:51 pm
All countries
482,568,617
Recovered
Updated on May 21, 2022 4:51 pm
All countries
6,299,400
Deaths
Updated on May 21, 2022 4:51 pm
Saturday, May 21, 2022

Global Statistics

All countries
526,948,873
Confirmed
Updated on May 21, 2022 4:51 pm
All countries
482,568,617
Recovered
Updated on May 21, 2022 4:51 pm
All countries
6,299,400
Deaths
Updated on May 21, 2022 4:51 pm
Molderizer and Safe Shield

Coronavirus: Business support 2022

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The Welsh Government has announced that it will continue to provide 100% business rate relief for retail, leisure and hospitality businesses with rateable values up to £500,000 for the whole of 2021-22.It will also provide leisure and hospitality businesses with a rateable value of over £500,000 with 100% relief.

The Welsh Government has published guidance on how the relief operate, and this states that local authorities will operate the scheme and have discretion around how they maximise take-up and minimise the administrative burden for businesses.

Grants for businesses who pay business rates

These grants will provide support to eligible businesses in the hospitality, retail, tourism and leisure sectors and their supply chains who pay business rates.  The following grants are available:

  • £2,000 for businesses with a rateable value of up to £12,000 who have seen a 40% decrease in turnover between 13 December 2021 and 13 February 2022 compared to the same period in 2019/20. Businesses may only receive this grant for two properties per local authority.
  • £4,000 for businesses with a rateable value of between £12,001 and £51,000 who have seen a 40% decrease in turnover between 13 December 2021 and 13 February 2022 compared to the same period in 2019-20.
  • £6,000 for businesses with a rateable value of between £51,001 and £500,000 who have seen a 40% decrease in turnover between 13 December 2021 and 13 February 2022 compared to the same period in 2019-20.

Eligible businesses can register for this funding through their local authority to confirm their details, they do not need to complete an application process. Business Wales has published links to the registration process in all local authorities, and this will remain open until 14 February.

Discretionary Emergency Business Fund

This will provide support to businesses in the hospitality, retail, tourism and leisure sectors and their supply chains who are not eligible for the business rates-linked grants. It will provide the following support:

  • Sole traders, freelancers and taxi drivers will be able to apply for a £1,000 grant if they have seen a reduction of at least 40% in turnover in December 2021 and January 2022 compared to the same period in 2019-20. Freelancers in the creative sectors will also be eligible for this funding.
  • Businesses that employ staff in addition to the owner will be able to apply for a £2,000 grant if they have seen a reduction of at least 40% in turnover in December 2021 and January 2022 compared to the same period in 2019-20.

Further information is available in guidance published by the Welsh Government. All local authorities will have opened this fund for applications by close of play on 21 January, and the fund will be open for applications for two weeks after opening in each local authority. Business Wales has published a list of links to the application process for each local authority.

ERF Business Grant

This element of the funding is targeted at businesses in the hospitality, leisure and attraction sectors and their supply chains who have been materially impacted by a greater than 50% reduction of turnover between 13th December 2021 and 14th February 2022. The following support will be provided to eligible businesses:

  • Businesses legally required to close will be eligible for grants of between £5,000 and £25,000 depending on how many staff they employ.
  • Event spaces and attractions that are open but experiencing reduced turnover will be eligible for grants of between £3,500 and £20,000 depending on how many staff they employ.
  • Other businesses within the eligible sectors that are open but experiencing reduced turnover will be eligible for grants of between £2,500 and £15,000 depending on how many staff they employ.

The grant is open for applications until 4pm on 1 February. Businesses should complete the eligibility checker on the Business Wales website, and if they meet the criteria they can apply after completing it. The Welsh Government has also published guidance and Frequently Asked Questions.



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