Qualifying firms that are registered to pay business rates in Wales are being reminded that there’s still time to apply for a Welsh Government non repayable grant worth £25,000 or £10,000 if they haven’t done so already. These grants have been introduced to support businesses in Wales through the Coronavirus pandemic and could make all the difference to a business at this unprecedented time.
Delivered via local authorities, the two grants are :
Grant 1: a grant of £25,000 for retail, leisure and hospitality businesses (e.g. shops, restaurants, cafes, drinking establishments, cinemas, live music venues, hotels, guest and boarding premises and self-catering accommodation) occupying properties with a rateable value of between £12,001 and £51,000.
Grant 2: a £10,000 grant to all businesses (including qualifying charity run shops, sports premises and community centres ) eligible for small business rates relief (SBRR) in Wales with a rateable value of £12,000 or less.
Both grants will apply to businesses that were on the rating list on 20 March, 2020.
To find out more about how qualifying businesses can access a grant, businesses should visit their relevant local authority’s website.
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Posted on: Friday 22nd May 2020