Updated Covid-19 support package for Welsh businesses

19/03/2020

Finance Minister Rebecca Evans and the Minister for Economy, Ken Skates have announced a new £1.4bn business support package to help businesses across Wales.

This support – extending the package announced on Tuesday – matches the measures in England providing a much‑needed boost for small businesses struggling to cope with the impact of the Coronavirus crisis.

The new package provides retail, leisure and hospitality businesses in Wales with a year-long business rates holiday.  A grant of £25,000 will also be offered for businesses in the same sector with a rateable value of between £12,001 and £51,000.

It also provides a £10,000 grant to all businesses eligible for Small Business Rates Relief with a rateable value of £12,000 or less.  

More information regarding support for businesses during the Covid-19 pandemic is available by clicking here.

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