January 13, 2022 - 1197 views
Conwy Council has today outlined the criteria and process which will need to be followed by businesses seeking financial support following the latest set of Covid restrictions which have been placed on Wales.
The Welsh Government introduced the Emergency Business Fund to support businesses principally in the hospitality, tourism, retail and leisure sectors with cash flow support and to help them survive the economic consequences of restrictions put in place to control the spread of Covid-19 by the First Minister in his announcement on 22nd December 2021.
The grants will also support supply chain businesses for these four sectors that can demonstrate a material impact of greater than 40% drop in turnover to their enterprises as a result of the additional restrictions.
In relation to self-catering accommodation, these properties will not be eligible for the grant unless one of the following criteria are met:
- The self-catering property is for 30 people or more, or
- The self-catering accommodation is classed as an outdoor education centre
The fund consists of two grants – Businesses will only be eligible to apply for funding through one of the two schemes, businesses cannot apply for both the NDR grant and the Discretionary Grant.
Scheme 1 - Non Domestic Rates Emergency Grant
Grant A:
A £2,000 cash grant payment for hospitality, retail, tourism and leisure businesses with Small Business Rate Relief (SBRR) qualifying hereditaments. The same ratepayer may only receive Grant A for a maximum of two properties in each local authority occupying hereditaments with a rateable value of £12,000 and under.
Grant B:
A £4,000 cash grant payment for hospitality, retail, tourism and leisure businesses occupying hereditaments with a rateable value between £12,001 and £51,000.
Grant C:
A £6,000 cash grant payment for hospitality businesses occupying hereditaments with a rateable value between £51,000 and £500,000.
For all businesses, their hereditament must have been on the NDR rating list as of the 1st September 2021 and the ratepayer needs to have been in occupation of the property as of the 30th November 2021.
Scheme 2 - Discretionary Business Support Emergency Grant
Open to applications during the week beginning the 17th January 2022
This fund is designed to support businesses who do not have a property or are not eligible to apply for the Non Domestic Rates Grant (NDR).
Grant A:
A £500 cash grant payment for hospitality, tourism, retail and related supply chain businesses which do not employ anyone apart from the owner, and do not have a property.
Grant B:
A £2,000 cash grant payment for hospitality, tourism, retail and related supply chain businesses who employ staff through PAYE (in addition to the owner).
If you are an eligible sole trader, freelancer, taxi driver or eligible business who does not have a property or are not eligible to apply for the NDR, the Discretionary Emergency grant will open to applications the week beginning the 17th January 2022.
For more details of grant eligability and to apply, please click here.
