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Notice: Cost of Living Support Scheme

Emergency Business Fund Business Rates Grant

Grants will be available to business who are impacted by the recent set of restrictions from 26th December 2021 to 14th February 2022 announced by Welsh Government. 

All grant schemes close to new applications at 5pm on the 14th February 2022.

If you need help to apply or support around grant advice or benefit or awards support please call us on 01597 826345.

There are two schemes for retail, hospitality, leisure and tourism business and their supply chains affected by the restrictions.

You can only apply for one scheme that is suitable for you, so please read the qualifying conditions below for both BEFORE commencing your application.

Scheme 1 - Businesses That Pay Business Rates

  • £2,000 cash grant payment for hospitality, retail, tourism and leisure businesses with Small Business Rate Relief (SBRR) with a rateable value under £12,000. You can only receive payment for two properties

  • £4,000 cash grant payment for hospitality, retail, tourism and leisure businesses with a rateable value between £12,001 and £51,000

  • £6,000 cash grant payment for hospitality, retail, tourism and leisure businesses with a rateable value between £51,001 and £500,000.

  • A supply chain business that supplies impacted hospitality, retail, tourism and leisure businesses and can prove a 40% reduction in their turnover can also apply

For all businesses:-

You must be on the Business Rates list as of the 1st September 2021 and the business rates payer needs to have been in occupation of the property as of the 30th November 2021.

You must have been trading and generating a sales revenue up to the 13th December 2021 and would be expected to trade to the 14th February 2022.

Any ratepayer operating in the 4 impacted sectors that is eligible either for Charitable Relief or the Community Amateur Sports Clubs (CASC) relief or is a not-for-profit getting Discretionary Rates Relief can also apply.

The amount of grant being provided is not allowed to exceed the amount of revenue generated per annum.

You cannot intend to be making redundancies during the period of the grant award.

You must provide your business rates reference number.

Self-catering properties CAN NOT apply unless it is for 30 guests or more or is classed as an outdoor education centre or a Tourist Hostel (for a definition please see the guidance).

You cannot apply if you are in receipt of or applying for Scheme 2 Discretionary Scheme or the Economic Resilience Fund in 2022.

 

Apply for the Emergency Business Fund Business Rates Grant Apply for the Emergency Business Fund Business Rates Grant

 

Scheme 2 - Discretionary Scheme for Business that Don't Pay Business Rates or Are Not Eligible For Scheme 1

  • £1000 cash grant payment for hospitality, tourism, retail and leisure businesses which do not employ anyone apart from the owner, and do not have a property.

  • A £2,000 cash grant payment for hospitality, tourism, retail and leisure businesses who employ staff through PAYE (in addition to the owner).

  • A supply chain business that supplies impacted hospitality, retail, tourism and leisure businesses AND generates 60% or more of its sales revenue from those businesses directly impacted by the restrictions AND can prove a 40% reduction in turnover.

  • Creative Freelancer's that are impacted by the restrictions as the majority of their work is directly in Retail or Hospitality or Leisure or Tourism or the majority of their work is supplying these sectors.

For all businesses:-

If you have a business property you should apply for Scheme 1 grant.

You cannot and should not apply for this grant if you are eligible to apply for Scheme 1 grant.  

You cannot apply if you are in receipt of or applying for the Economic Resilience Fund in 2022.

You must have been trading and generating a sales revenue up to the 26th December 2021.

Your business must be operating in Wales.

You must provide your HMRC UTR number or Companies Registration or VAT Registration or Taxi Driver Registration Number.

Your business income must be your main source of income.

You will need to provide evidence of trading and for supply chain businesses evidence of a drop in turnover.

For freelancers if the majority of your work or supply to businesses isn't to the affected sectors of retail hospitality tourism or leisure you should not apply.

For freelancers whose work continues at previous or near previous levels of activity (e.g. architects, graphic and web designers, games designers, IT and software freelancers, etc.) should not apply.

Freelancers who work in film & TV, video games, software and other digital entertainment industries are not the intended recipients of this support as these markets are now operating at normal or near normal levels and you should not apply. However we understand that some specific roles including those in film & TV may still be affected (e.g. writers / musicians). Where this impact can be shown to be a result of COVID-19 restrictions, we will accept applications.

This Fund is also not intended to support freelancers in the sports sector.

 

Apply for Business Grant - Discretionary Support Apply for Business Grant - Discretionary Support

 

If you need help to apply or support around grant advice or benefit or awards support please call us on 01597 826345.

 

Other Help Available

In addition, impacted hospitality and leisure businesses and their supply chains will be able to apply for top up funding from a new Economic Resilience Fund (ERF). Eligible businesses can apply for grants of between £2,500k - £25,000, with grants dependent on their size and number of employees. The application window for ERF will open in week commencing 17 January 2022 with payments starting to reach businesses within days. You will need to apply for this from Business Wales website.

An eligibility checker which will help businesses to gauge how much they can expect to receive under the new support package will be available on Business Wales by the start of 2022.