Discretionary Emergency Business Fund Grants

Discretionary Emergency Business Fund Grants - January 2022

The Welsh Government introduced the Emergency Business Fund to support businesses, (principally in the hospitality, tourism, retail and leisure sectors), with a minimum turnover of £10,000 per annum, (in a normal trading year pre Covid), with cash flow support and to help them survive the economic consequences of restrictions put in place to control the spread of Covid-19 by the First Minister in his announcement on 22nd December 2021.

This Discretionary fund is designed to support businesses who do not have a property or are not eligible to apply for the Non Domestic Rates (NDR) Grant. You cannot and should not apply for this grant if you are eligible to apply for an NDR grant.   

 

i) Grant A:

A £1,000 cash grant payment for hospitality, tourism, retail, leisure, or related supply chain businesses, which do not employ anyone apart from the owner, and do not have a property.This includes freelancers in the creative sector.

 

ii) Grant B:

A £2,000 cash grant payment for hospitality, tourism, retail, leisure, or related supply chain businesses who employ staff through PAYE (in addition to the owner(s)), and do not have a property.

 

Supply chain businesses are defined as a business that generates 60% or more of its sales revenue from businesses directly impacted by the restrictions. I have not been required to close but my turnover has been materially impacted by the restrictions put in place. Materially impacted means a >40% reduction in December 2021 and January 2022 as compared to December 2019 and January 2020 (or a comparable two month period if the business was not trading in Dec 19 Jan 20). 

For further information please read the Discretionary Emergency Fund Grants guidance document.

 

Applications for these grants are NOW OPEN and will close at 5pm on Monday 14th February 2022. 

Please only complete this application form if you are NOT liable for paying business rates on a property in your local authority area, and your annual turnover is less than £85,000

Please also note that your business must have been trading before 1st September 2021 to be eligible for this grant.

How Do I Apply?

If you meet the eligibility criteria and wish to apply for a Discretionary Emergency Business Fund Grant please follow the link below:

 

Apply Here

 

Please only compete this application form if you are NOT liable for paying business rates on a property in your local authority area, and your annual turnover is less than £85,000. If you are liable for business rates, or your turnover is greater than £85,000, you will find alternative grant information here.

 

 

 

Further information on the support available to businesses can be found on our website. Also, if you are not currently receiving our e-newsletter (which provides regular updates on the support available for businesses) but would like to, please sign up here to be added to our database.

 

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