By the middle of next week Welsh businesses should begin receiving emergency Coronavirus grants, the Economy, Transport and North Wales Minister Ken Skates confirmed today.
The Welsh Government are also developing a further package to support businesses deal with the impact of the Coronavirus outbreak, further information will be available on Monday.
A £1.4bn package of support for Welsh businesses has been announced by the Welsh government last week.
All retail, leisure and hospitality businesses in Wales occupying properties with a rateable value of between £12,001 and £51,000 will be receiving a grant of £25,000
Meaning around 8,500 shops, restauraunts, cafes, bars, pubs, cinemas etc will receive funding. To see the full list of businesses Click Here.
A £10,000 grant will be available for another 63,500 Welsh businesses, eligible for small businesses rates relief and have a rateable value of £12,000 or less.
Local authorities will be distributing these grants on behalf of the 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.”