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. 

Cooke & Arkwright have been providing Newport City Council with rating advice for over 20 years. Andrew, Jane and Huw provide a personal and professional service and have an excellent knowledge of the Council’s assets which has enabled the Council to achieve substantial rate savings. A useful service offered is the status report which provides us with a snapshot of what appeals have been made and appeals outstanding throughout the life of the List. I would recommend Cooke & Arkwright Rating Services to any company wishing to procure up-to-date and professional rating advice.

Eirian Jones, Estates Team Leader, Newport Norse