Deadline for Business Support Grants: 30th June

Businesses in Newport East have until the end of the month to apply for the Welsh Government’s grant funding support.

Designed to help businesses meet lockdown challenges during the Covid-19 coronavirus pandemic, the deadline for receiving new applications is the 30th June 2020. Any applications received after this date will not be considered.

The support is available to businesses who are eligible for small business rates relief in Wales and who occupy premises with a rateable value of £12,000 or less. It includes those who fall under the small business rates relief threshold of £6,000 and who do not currently pay business rates. Grants are also available to businesses in the retail, leisure or hospitality sector with a rateable value between £12,001 and £51,000.

For more information and to apply, please visit:

https://www.newport.gov.uk/en/Business/COVID-19-business-support/Covid-19-Business-rates-grants.aspx

https://www.monmouthshire.gov.uk/business-advice/

If you are not eligible for this grant you could be eligible for other schemes.  Please get in touch with Business Wales who can give you free advice: https://fundchecker.businesswales.gov.wales/

Economic Resilience Fund

In response to the COVID-19 outbreak the Welsh Government has announced a further extension to the Economic Resilience Fund support for businesses in Wales, in addition to the support provided by the UK Government. https://businesswales.gov.wales/coronavirus-advice/support/financial-support-and-grants

Businesses can now find out if they are eligible to apply for financial support from the next phase of the Welsh Government’s Economic Resilience Fund (ERF).

The ERF is designed to support businesses, social enterprises and charities that are not eligible for other Welsh Government COVID-19 non-repayable grant support schemes.

Eligible businesses can claim up to:

• £10,000 for micro businesses
• £100,000 for SMEs
• £690,000 for large businesses

The online eligibility checker has reopened to allow companies time to prepare their applications, and businesses will be able to make applications for support by the end of June 2020.

Complete the COVID-19 support eligibility checker to find out if your business is eligible.