Welsh Government is currently developing a range of measures to support businesses affected by the restrictions that have been announced recently due to the rise in the number of COVID-19 cases. An announcement in relation to this support ‘£120m financial support for businesses in Wales impacted by Omicron’ can be found on the Welsh Government website.
Eligibility criteria and details of the measures scheme are yet to be finalised however they will include the following:
· A new scheme for leisure and retail businesses that are subject to Non Domestic Rates. This scheme will be managed by Local Authorities and will be launched early in 2022.
· There will be a discretionary fund for businesses that are not subject to Non Domestic Rates. This scheme will be managed by Local Authorities and will be launched later in January 2022.
· There will be an Economic Resilience Fund (ERF) for the hospitality sector. This will be managed by Welsh Government.
Further details about the measures will be released in the new year, and support will be made available to cover the periods that businesses have been affected by restrictions.
Once details are confirmed Ceredigion County Council will provide an update with further information.
As a result of the new emergency support packages, the Welsh Government is withdrawing its £35m Business Development Fund, announced in November, in order to process emergency payments as soon as possible. All existing offers will of course be honoured.
In the meantime, for any other information and business support visit: https://www.ceredigion.gov.uk/business/covid-19-supporting-ceredigions-economy/