This is a fund to provide financial assistance to businesses that are facing operational and financial challenges caused by the national lockdown announced for Wales as a result of COVID-19.
The purpose of the fund is to support businesses with cash flow support to help them survive the economic consequences of the restrictions put in place.
The fund consists of two separate grants:
Lockdown Non Domestic Rate Grant
This grant is available to businesses liable for paying business rates.
- √ A grant of £5,000 is being made available for retail, leisure and hospitality businesses that have been forced to close (as defined by the regulations) and occupy properties with a rateable value of between £12,001 and £51,000.
- √ A grant of £1,000 is being made available to all businesses eligible for small business rates relief (SBRR) in Wales with a rateable value of up to £12,000 (see guidance document for further detail).
- √ Businesses eligible for small business rates relief that have been subject to local restrictions for 3 weeks or more and have been materially impacted (>50% reduction in turnover) up to the 23rd October will be eligible for a further grant of £1,000
- √ and Businesses eligible for small business rates relief that have been forced to close (as defined by the regulations) as a result of the national firebreak lockdown will also be eligible for a further top up grant of £2,000 from their local authority.
You are not eligible for this grant if:
- X You are eligible for, or have received, the Lockdown Discretionary Grant from your Local Authority
You will need to be on the NDR rating list for your local authority on 1 September 2020 and will need to complete a simple registration form to receive this grant.
For further information on this grant please read the Lockdown Non Domestic Rate Grant Guidance Document.
Lockdown Discretionary Grant
- 1. A discretionary grant of £1,500 is available to assist businesses that have:
- √ Been forced to close (as defined by the regulations) as a result of the national firebreak lockdown
- √ OR are able to demonstrate that the national firebreak lockdown will result in at least a 80% reduction in their turnover for that period
- 2. A discretionary grant of £2,000 is available to assist businesses that have:
- √ Been forced to close (as defined by the regulations) as a result of the national firebreak lockdown
- √ OR are able to demonstrate that the national firebreak lockdown will result in at least a 80% reduction in their turnover for that period
- √ AND have been subject to local restrictions for 3 weeks or more up to the 23rd October and experienced at least a 50% reduction in their turnover for that period.
You cannot apply for Grant 1 and Grant 2.
You are not eligible for this grant if:
- X You are eligible for, or have received, the Lockdown Non-Domestic Rate Grant from your Local Authority
For further information on this grant please read the Lockdown Discretionary Grant Guidance Document.
Applications will be dealt with on a first come first served basis. This may lead to applications not being appraised after they have been submitted if the fund is fully committed.
The grants will close at 5pm on the 20th November or when the fund is fully committed.
The post Firebreak: Enhanced financial support first appeared on West Wales Chronicle : News for Llanelli, Carmarthenshire, Pembrokeshire, Ceredigion, Swansea and Beyond.
