Welsh Government Extends Support Package for Businesses affected by Coronavirus

20 March 2020

Share this

Further to the £200 million package already confirmed by the Welsh Government it has been announced that there will be a provision of almost £1.4 billion of support for businesses during this difficult time.

In addition to the 100% business rate relief in 2020-21 for all retail, leisure and hospitality businesses, £850 million will be made available for a new grant scheme for businesses.

In particular, all businesses that are currently eligible for Small Business Rates Relief – those with a rateable value up to £12,000 – will receive a grant of £10,000.

Retail, leisure and hospitality businesses with a rateable value between £12,001 and £51,000 will receive a grant of £25,000.

Furthermore, there will be a hardship fund to provide support for certain other businesses.

Once this information is released we will let you know immediately. 

You may be interested in

The Leekes Retail and Leisure Group have substantial property assets within the group and have engaged Andrew West to appeal against rating assessments on these properties since 2010. We have consistently been impressed by Andrew's knowledge of the property market and his negotiating skills have been exceptional. Given Andrew's outstanding performance, we would not hesitate to recommend Andrew to any business large or small seeking to appeal their rates liabilities.

Mike Fowler, Group Finance Director, Leekes Group