Covid-19 Financial Support

Emergency Business Fund Grants - January 2022

The Welsh Government has introduced the Emergency Fund Grants to support businesses principally in the hospitality, tourism, retail and leisure sectors with cash flow support and to help them survive the economic consequences of additional restrictions necessary to control the spread of Covid-19 starting on the 26th December 2021 to the 14th February 2022. 

The grants will also support supply chain businesses, for these four sectors, that declare a material impact of greater than 40% drop in turnover to their enterprises as a result of the additional restrictions. 

The fund consists of three separate grants A,B, and C. You can apply for:

  • Either A. the NDR Emergency Fund Grant, B. the Discretionary Emergency Fund Grant, or C. the Welsh Government ERF grant.
  • If eligible, you can apply for both the NDR Emergency Fund Grant & the ERF fund, but NOT both the NDR Emergency Fund Grant & the Discretionary Emergency Fund Grant, or both the ERF and the Discretionary Emergency Fund Grant. Please ensure you apply for the correct grant(s):

 

A.  Non Domestic Rate (NDR) Emergency Business Fund Grant 

You could be eligible for this grant if you:

  • Operate within the hospitality, tourism, retail, leisure sectors, or their supply chain; and
  • are liable for Business Rates on a property in Newport (up to a rateable value of £500,000): and
  • were actively trading up to 13th December 2021 and would be expected to trade to 14th February 2022.

Further guidance is available here.

The Non Domestic Rate grant is NOW OPEN and will close at 5pm on Monday 14th February 2022.

Non Domestic Rate Emergency Business Grant

 

B.  Discretionary Emergency Business Fund Grant 

You could be eligible for this grant if you:

  • Operate within the hospitality, tourism, retail, leisure sectors, or their supply chain; and
  • Do not pay Business Rates on a property in Newport; and
  • Were actively trading up to 13th December 2021 and would be expected to trade to 14th February 2022; and
  • Have a turnover of <£85,000

Further guidance is available here.

The Discretionary grant is NOW OPEN and will close at 5pm on Monday 14th February 2022. 

Discretionary Emergency Business Grant

 

C. The Welsh Government ERF Administered Grant

You could be eligible for this grant if you:

  • Are a business in the sectors mentioned above with a turnover of >£85,000 

This grant is NOW OPEN. Further information can be found on the Business Wales site link below:

Visit Business Wales Site

 

The Application Process

If you have read the guidance documents, are eligible for any of the grants and wish to apply, please complete the correct online application form(s) when available.

 

 

 

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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