£340m support for Welsh businesses as new coronavirus rules announced

A set of new targeted restrictions in the hospitality and leisure sectors, together with a £340m support package, has been announced by First Minister Mark Drakeford.

The new measures are being introduced as cases of coronavirus accelerate in Wales once again, eroding the gains achieved during the recent firebreak period.

From Friday, pubs, bars, restaurants and cafes will have to close by 6pm and will not be allowed to serve alcohol. After 6pm they will only be able to provide takeaway services.

Indoor entertainment and visitor attractions must also close.

The new Welsh Government support is split into two funds:

  • a £160m Restrictions Business Fund
  • a £180m sector-specific Economic Resilience Fund grant scheme

More information about the funding and how it can be accessed will be published on the Business Wales website in the coming days.

For further information on the announcement please visit the GOV.Wales website.

Source: Business Wales:   Business HQ | Business Wales (gov.wales)

Posted on: Monday 30th November 2020