Self-Employment Income Support Scheme (SEISS) fifth grant

HMRC has published a new guidance document for the Self-Employed regarding applications for the Fifth Grant. It is important to note that the fifth grants differs from previous grants in that the amount that a person will receive will be determined by how much their turnover has been reduced in the year April 2020 to April 2021. To work out your eligibility for the fifth grant, HMRC will first look at their 2019 to 2020 Self Assessment tax return and you will only be eligible if your trading profits are no more than £50,000 and at least equal to your non-trading income. If you are not eligible based on your […]

ERF for businesses with a turnover of under £85,000 open

The Economic Resilience Fund for businesses with a turnover of under £85,000 has now opened, and will close at 5:00pm 30 June 2021. This additional financial support for the period 1 May to 30 June 2021 is available for eligible businesses who have/are/will be significantly impacted by the ongoing restrictions in response to COVID-19. Before applying, make sure you’ve read the Fund Guidelines and completed the eligibility checker: Fund Guidelines – https://businesswales.gov.wales/sites/main/files/documents/ERF%20Application%20Guidance%20less%20than%20%C2%A385%2C000.pdf Eligibility Checker – https://businesswales.gov.wales/coronavirus-advice/ ERF FAQ – https://businesswales.gov.wales/economic-resilience-fund-frequently-asked-questions Link to Individual LA websites Anglesey – https://www.anglesey.gov.uk/en/Business/Business-Finance-and-Grants/COVID-19-Economic-Resilience-Fund-ERF-Business-Support-May-and-June.aspx Conwy – https://www.conwy.gov.uk/en/Business/Resilience-Fund/Economic-Resilience-Fund.aspx Denbighshire – https://www.denbighshire.gov.uk/en/coronavirus/erf-business-support.aspx Flintshire – https://www.flintshire.gov.uk/en/Business/Advice-and-guidance/Covid-Business-Grants/Economic-Resilience-Fund-ERF.aspx Gwynedd – https://www.gwynedd.llyw.cymru/en/Businesses/Help,-support-and-training/May-2021-Restrictions.aspx Wrexham – https://myaccount.wrexham.gov.uk/en/service/Economic_Resilience_Fund_Application The fund will close on 30 June […]

Economic Resilience Fund (ERF) for businesses with a turnover of £85k+ closes 7 June 2021

The Economic Resilience Fund for businesses with a pre-COVID turnover of £85,000+ will close at 5:00pm 7 June 2021. Eligible businesses which have/will be impacted by the restrictions still in place during May and June 2021, can apply to the Economic Resilience Fund for financial assistance to help meet their operating costs (excluding staff wages). Support is available for businesses directly impacted by the restrictions and their supply chains. Don’t delay your application if you think you’re eligible for support. To check your eligibility, go to: https://fundchecker.businesswales.gov.wales/businesssupport

Go North Wales Tourism June Trade News

We appreciate that it remains to be an extremely difficult, worrying and complex time for many businesses and individuals across North Wales with the COVID-19 pandemic but please remember that we are here to support you. We continue to monitor the circumstances as they are developing and also continue to engage with MPs and MSs, lobbying on issues on your behalf and making sure your voice is heard. North Wales Tourism engaged extensively with all parties ahead of the election and will continue to do so. We’ve already had meetings with some of the returning and newly elected members of the Senedd representatives and will continue to engage with them […]

Reminder for Businesses

As each premises is different, businesses should read all guidance to understand the measures to be considered to re-open the business safely. Key areas businesses need to remain focussed on are: Ventilation  All hospitality businesses should take action to increase ventilation at their premises. This is such an important step that you, as a hospitality business, can take to reduce the risk of spreading coronavirus in your pub, bar, café or restaurant.Good ventilation reduces how much virus is in the air. It helps reduce the risk from aerosol transmission when someone breathes in small particles in the air after a person with the virus has been in the same enclosed area.Think […]

Business Impacts of Coronavirus : May 2021

ONS has produced experimental estimates from the voluntary fortnightly business survey (BICS), for single site businesses only, on topics such as trading status, financial performance, workforce and business resilience. Geographical breakdowns include country, regional and local authority levels. https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/articles/businessinsightsandimpactontheukandsubnationaleconomy/may2021

IPS Figures for 2020

ONS has published the final International Passenger Survey figures for 2020. The headline stats are: Overseas residents made 11.1 million visits to the UK in 2020; this was 73% fewer than in 2019 as travel reduced because of the coronavirus (COVID-19) pandemic.Overseas residents spent £6.2 billion on their visits to the UK in 2020; this was 78% less than in 2019.UK residents made 23.8 million visits abroad in 2020, which was 74% fewer than the previous year because of the coronavirus pandemic. UK residents spent £13.8 billion on visits abroad in 2020; this was 78% less than in 2019. On the inbound side, the 78% reduction in expenditure equates for […]