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Firebreak Funding Released From Welsh Government

Following our post last week, surrounding the “Firebreak” in Wales from 23rd October to 9th November, where non-essential retail, leisure and hospitality businesses are having to close, Welsh Government have released further and more detailed information regarding funding support for those affected.

Two types of grant are available for retail, leisure and the hospitality industries, as well as for those areas who have been subjected to ongoing restrictions (not valid at this point in Monmouthshire)

Grant 1

A grant of £5,000 is being made available for retail, leisure and hospitality businesses that have been forced to close (as defined by the regulations) and occupy properties with a rateable value of between £12,001 and £51,000.

Grant 2

A grant of £1,000 is being made available to all businesses eligible for small business rates relief (SBRR) in Wales with a rateable value of up to £12,000 (for further details and exemptions see guidance document).

Both of these grants above are valid for Retail, Leisure and Hosptiality within the Monmouthshire County, below is further detail for those who trade/have premises outside of Monmouthshire that may well have been subject to additional local lockdown restrictions

Additional Funding (additional lockdown restrictions)

• Businesses eligible for small business rates relief that have been subject to local restrictions for 3 weeks or more and have been materially impacted (>50% reduction in turnover) up to the 23rd October will be eligible for a further grant of £1,000

•    and Businesses eligible for small business rates relief that have been forced to close (as defined by the regulations) as a result of the national firebreak lockdown will also be eligible for a further top up grant of £2,000 from their local authority.

You are not eligible for this grant if:
• You are eligible for, or have received, the Lockdown Discretionary Grant from your Local Authority

Further funding and discretionary funding availability

Lockdown Discretionary Grant

Grant amount 1 – a discretionary grant of £1,500 is available to assist businesses that have:
•    Been forced to close (as defined by the regulations) as a result of the national firebreak lockdown
•    OR are able to demonstrate that the national firebreak lockdown will result in at least a 80% reduction in their turnover for that period

Grant amount 2 – a discretionary grant of £2,000 is available to assist businesses that have:
•    Been forced to close (as defined by the regulations) as a result of the national firebreak lockdown
•    OR are able to demonstrate that the national firebreak lockdown will result in at least a 80% reduction in their turnover for that period

•    AND have been subject to local restrictions for 3 weeks or more up to the 23rd October and experienced at least a 50% reduction in their turnover for that period.

You cannot apply for Grant 1 and Grant 2.
You are not eligible for this grant if:
•    You are eligible for, or have received, the Lockdown Non-Domestic Rate Grant from your Local Authority

  • If you have 50 or more employees
  • If the business generated less than 50% of your income, the business must be your main source of income.

Funding applications for the grants opens on Wednesday 28th October 2020 and will stay open until all funds are allocated or 5pm 20th November and grants will be processed by Monmouthshire County Council.

Caldicot Town Team will of course keep you update of the direct link to Monmouthshire County Council website, on Wednesday once the link is live.

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