Additional funding for Hospitality, Leisure and Tourism businesses

The Welsh Government has today announced a further £30 million for hospitality, leisure and tourism businesses affected by on-going coronavirus restrictions

It has also confirmed that pending the outcome of the next review on 12 March, a further £150 million in grants could be made available to firms, including micro businesses, through the Welsh Government’s Non Domestic Rates (NDR) scheme if coronavirus restrictions are extended.

The latest round of the Welsh Government’s Economic Resilience Fund will see £30m of targeted support being made available to support small, medium and large businesses in the hospitality, leisure and tourism sectors as well as related supply chain businesses.

The funding is targeted to businesses employing ten or more staff in recognition of the relatively higher level of operating costs that these businesses face.

However, should restrictions be extended at the 12 March review, the £150m that will be made available would see businesses in the hospitality, tourism, leisure and non-essential retail sectors that pay non-domestic rates receiving an additional payment of up to £5k regardless of the number of employees they have.

Businesses in the hospitality, tourism and leisure sectors can access the eligibility checker and calculator on the Business Wales website to help them work out what support they can expect to qualify for in this latest round and to understand the detail they will need to make an application.  The Sector Specific Grant application phase 2 window opens Tues 9 March 2021 until 8pm on Friday 12 March 2021.

COVID-19 Support for Business | Business Wales (gov.wales)

Posted on: Wednesday 3rd March 2021