Business Help Wales Lockdown

Related topics uk coronavirus lockdown.

Business help wales lockdown. Wales economy minister ken skates laid out plans for up to 60m to be made available for a local lockdown fund to help support businesses during a welsh government briefing on monday september 28. The purpose of the fund is to support businesses with cash flow support to help them survive the consequences of the restrictions. Businesses affected by the circuit break lockdown in wales will be supported by a new 300m fund which will open next week.

This is a fund to provide financial assistance to businesses facing operational and financial challenges because of the national lockdown across wales between 23 october and 9 november 2020. Businesses with a rateable value of 12 000 or less and materially impacted as a result of the restrictions will receive a payment of 3 000. The local lockdown business fund worth up to 60 million will provide grants based on the non domestic rates ndr system to businesses who meet eligibility requirements and have been.

From 6pm on friday all non food retail hospitality businesses including cafes restaurants and pubs unless they provide take away or delivery services close contact services such as hairdressers and beauticians and events and tourism businesses. This is a fund to provide financial assistance to businesses that are facing operational and financial challenges caused by the national lockdown announced for wales as a result of covid 19. Welsh government has announced the business support package available after announcing a circuit break lockdown for wales.

The first element of the package is a 160m restrictions business fund which will support around 40 000 60 000 businesses who are registered on the non domestic rating list across wales. Mark drakeford has made a new request for support from the uk government for workers in wales ahead of friday s circuit breaker lockdown. The purpose of the fund is to support businesses with cash flow support to help them survive the economic consequences of the restrictions put in place.

An earlier request for help was refused by chancellor. Financial support will be available for businesses in wales impacted by two week fire break lockdown which has been announced today.