The Welsh Government has announced an extension for ratepayers eligible for charity relief and Community Amateur Sport Clubs (CASC) relief operating in the retail, leisure and hopsitality sector occupying properties with a rateable value of £12,000 or less. You may be eligible for a government grant. To apply you will need to email email@example.com to request a Coronavirus Business Grant Application - Charities Form. Eligibility Flowchart
Grants for Businesses in Wales linked to non-domestic rates
Economy minister, Ken Skates announced Phase 2 of the Economic Resilience Fund will open next month - with non-VAT firms able to apply. The eligibility checker for new applications should be available by the middle of June, allowing companies time to prepare their applications and expects full applications later in the month. This will enable access to the remaining £100m of the £300m already approved and allocated to support micro businesses, small and medium enterprises and large businesses.
Job Retention Scheme
The government's Coronavirus Job Retention Scheme will remain open until the end of October
Chancellor extends Furlough Scheme until October
Self-Employment Income Support Scheme (SEISS) - check if you are eligible
From Monday, 4th May HM Revenue and Customs (HMRC) began contacting customers who may be eligible for the government's Self-Employment Income Support Scheme (SEISS). Those who are eligible will be able to claim a taxable grant growth 80% of their average trading profits up to a maximum of £7,500 (equivalent to 3 three months' profits), paid in a single instalment.
£40m boost for cutting edge start-ups
On the 20 May 2020 UK government announced it is doubling investment in the Fast Start Competition with an additional £20 million. Innovative businesses and start-ups are set to benefit from a £40 million UK government investment to drive forward new technological advances. Among the successful projects to receive the funding to date is a virtual-reality surgical training simulator and an online farmers’ market platform.
Culture Resilience Fund Support for the culture sector
The fund includes support for freelance artists and creative practitioners, with
next round for applications open from Friday 29 May until Monday 15 June 2020.
Support for welsh food and drink manufacturers
Food Innovation Wales, backed by Welsh Government, is based at three food centres across Wales. The team of industry experts can support manufacturers of all sizes to navigate their way through a range of complex technical and commercial issues.
To use the Food Innovation Wales COVID-19 tool kit, visit:
Future Fund - open for applications from 20th May
The new Future Fund will support innovative UK companies with good potential that are essential in ensuring the UK retains its world leading position in science, innovation and technology. These companies typically rely on equity investment and are currently affected by Covid-19.
For more information on the Future Fund eligibility criteria and applications process:
Bounce Back Loans Scheme
Major boost for Welsh SME's as New Bounce Back Loans Scheme opened for applications.