Welsh Government Extends Support Package for Businesses affected by Coronavirus

20 March 2020

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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. 

Blake Morgan committed to 29,000 sq ft office in the exciting Central Square development. We retained Ben Bolton and his team some time ago to advise and appraise options in the lead up to this significant move of our Cardiff Office. The business is extremely pleased with the outcome and Ben's negotiations and attention to detail was a major part to this.

Philip Jardine, Blake Morgan LLP