The Welsh Government Restrictions Business Grants package of financial business support linked to the current lockdown restrictions will open for new applications on Wednesday January 13th at 10.00am.
The Welsh Government has launched the Restrictions Business Fund to support businesses that have been directly impacted by the additional restrictions put in place in December to control the spread of Covid-19. The purpose of the grant is to provide businesses with cash flow support and to help them survive the economic consequences of the restrictions introduced. The grant seeks to complement other Covid-19 response measures to support businesses, social enterprises and charitable organisations in Wales.
Hospitality, Non Essential retail, Tourism, Leisure and Supply Chain businesses will be eligible for financial assistance.
To date £3.3m of direct payments have been made to 989 businesses in Ceredigion. These payments were made to businesses in the eligible sectors for the Restrictions Business Grant who had successfully applied previously for the Lockdown Non Domestic Rate Grant during the Firebreak period in October. These businesses do not need to re-apply.
All other eligible businesses in the Hospitality, Non Essential Retail, Tourism, and Leisure including the Supply Chain sectors in Ceredigion (linked to the Hospitality and Non Essential retail businesses) will need to apply and complete a short on-line application. This application process will open on Wednesday January 13th at 10.00am.
In addition Welsh Government have announced that the Economic Resilience Fund ( ERF) Sector Specific fund will be opening on January 13th at 12 midday . This fund is being administered directly by Welsh Government and applicants need to go through the Business Wales portal to apply. For further information on the scheme and other financial support available go to
The fund consists of two separate grants:
Restrictions Business Fund Non Domestic Rate Grant
A £3,000 cash grant payment for hospitality businesses with Small Business Rate Relief (SBRR) qualifying hereditaments with rateable value £12,000 or less.
A £5,000 cash grant payment for hospitality businesses occupying hereditaments with a rateable value between £12,001 and £51,000.
A £5,000 cash grant payment for hospitality businesses occupying hereditaments with a rateable value between £51,001 and £150,000.
These grants will be available to hospitality, tourism and leisure businesses and their supply chain and retail businesses with qualifying SBRR properties that can evidence (on a self-declared basis) greater than 40% reduction in turnover as a result of the new restrictions.
For further information please read the Restrictions Business Fund NDR Grant Guidance Document.
Restrictions Business Fund Discretionary Grant
A discretionary grant of £2,000 is available to assist businesses that have:
- Been forced or required to close as a result of the national restrictions put in place for hospitality businesses
- OR estimate that the latest restrictions put in place will result in at least a 40% reduction in their turnover for December 2020 as compared to December 2019 (or November 2020 turnover if not trading in December 2019)
For further information please read the Restrictions Business Fund Discretionary Grant Guidance Document.
Businesses cannot apply for the NDR grant and the Discretionary Grant.