Search site

Small businesses urged to get grant bids in as deadline looms

Swansea businesses hoping to take advantage of a Welsh Government grants scheme have only a few weeks left to get their applications in.

HereForSwansea DraftOnly

The Welsh Government has announced a deadline of June 30 at 5pm for new applications for the scheme administered in Swansea by the council which has already paid out getting on for £50m to thousands of small businesses.

The Welsh Government launched the small business grants scheme in April to help businesses across Wales access emergency funding and in Swansea more than 3,600 have benefited from the scheme so far.

Rob Stewart, Leader of the Council, said the council had worked flat-out to distribute funds to those businesses who were eligible for payments and had provided the necessary information.

Now the Welsh Government has announced the scheme is ending, Cllr Stewart said business which had not yet applied need to act fast.

He said: "The scheme has been an absolute lifeline for thousands of businesses in Swansea. The council is still paying out on applications and is urging any business which believes it might be eligible and has not yet applied, to get in touch as soon as possible

Cllr Stewart said: "It has been an incredible effort so far. We drafted in more staff to help us process applications and deal with queries."

The business grant support scheme was one of a wave of UK and Welsh Government projects launched following the decision to put Britain into an unprecedented lockdown to help beat Coronavirus, protect the NHS and save lives.

Under the scheme, any business liable for business rates on 20th March 2020 and entitled to small business rate relief is entitled to a grant of £10K.  

Larger retail, leisure and hospitality businesses paying rates and occupying properties with a rateable value of between £12,001 and £51,000 on 20th March will be eligible for a grant of £25k. These include shops, restaurants, cafes, drinking establishments, live music venues and hotels although there are some businesses excluded from the Welsh Government scheme.

Recently, the scheme was extended so that a £10k grant could also be paid to ratepayers eligible for charitable and Community Amateur Sports Clubs (CASC) relief.

The grant is payable if they are operating in the retail, leisure and hospitality sectors and were occupying properties with a rateable value of £12,000 or less. Not-for-profit organisations operating for charitable purposes in the retail, leisure or hospitality sectors may also be eligible.

Some businesses/charities not currently liable for Rates have approached the Valuation Office Agency to ask for their premises to be assessed for rating purposes so they can apply for a small business grant.

Any business in this position should contact the council's business rates team before the Welsh Government deadline of June 30. If their application to the Valuation Office is successful, they could be eligible for a grant.

Anyone in this position who waits until after 5:00pm on June 30 to apply for a grant will not be paid, whatever the decision of the Valuation Office, and should tell the Council's Business Rates Team before the cut-off date that they want to apply for a grant. This can be done by e-mailing the Business Rates Team at business.rates@swansea.gov.uk  

To help businesses chart their way through grant and loan opportunities Swansea Council has set up web pages highlighting all the other opportunities for business support that are available.

This can be found at: www.swansea.gov.uk/covid19adviceforbusinesses.

Grant applications can be made online here:  www.swansea.gov.uk/coronavirusbusinessgrant

In addition the Welsh Government set up its own website to share the other measures it was taking to support business at: businesswales.gov.wales/coronavirus-advice

Powered by GOSS iCM