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Less than a week for businesses to bid for Welsh Government grant

Swansea businesses hoping to take advantage of a Welsh Government grants scheme have less than a week to get their applications in.

BusinessMeeting

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 more than £48m.

The Welsh Government launched the small business grants scheme in April to help businesses across Wales access emergency funding and in Swansea more than 3,800 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.

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.

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.

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

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

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

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