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.