Welsh government announces additional trade support for businesses affected by Covid in Wales
Wales businesses that continue to be affected by Covid restrictions will receive up to £ 25,000 in additional support from the Welsh government.
Economy Minister Vaughan Gething said the emergency support program would cover operating costs for July and August of businesses that are scheduled to remain closed.
It will also support those seriously affected by maintaining the restrictions.
Eligible businesses in the hospitality, leisure and tourism sectors and their supply chains that continue to be severely affected by restrictions, such as travel agents, attractions limited by social distancing, and venues. school visits, will be eligible to apply for support.
The Welsh government plans to be the last emergency support package for companies able to trade, based on the current level of Covid restrictions.
But if further restrictions are needed in response to a new variant or other emerging developments, ministers will consider the need for additional support.
Beyond the emergency phase, if the situation permits, the Welsh government also intends to set up a business development and recovery fund, designed to support businesses with matching funding to build themselves up. revive, grow and expand following potential easing of Covid restrictions.
Mr Gething said: ‘Since the start of the pandemic we have pulled all the levers possible to support Welsh businesses.
“To further support businesses, I am announcing today additional support to help cover the costs of businesses in Wales which must remain closed or remain significantly affected by Wales’ gradual transition to Alert Level one, which was necessitated by the risks posed by the Delta variant.
“This Welsh government is determined to do everything possible to support Welsh businesses in these incredibly difficult times. “
Eligible businesses will be entitled to an additional payment of between £ 1,000 and £ 25,000, depending on their size, structure and circumstances, to cover the period up to the end of August.
To qualify for support, companies must demonstrate that their turnover has decreased by more than 60% compared to the corresponding calendar in 2019 or equivalent. All eligible businesses will need to apply for funding rather than funds automatically coming from the pricing system.
An eligibility checker will open on Business Wales’ website on July 5, which will allow businesses to check if they can access the support and how much funding they are eligible for, which will help them start preparing their requests.
The fund will be open for applications starting July 13 and will remain open for a period of two weeks, ending with close of business hours on July 23.