Wales Grant Survey

PASC UK have put together a Wales Grant Survey to try to understand how many self catering businesses have received which Grants, and how many have not. The information provided will allow a comparison between the countries of the UK and by Wales Local Authority. The deadline for completion is next Tuesday 9th March at 1700. https://www.surveymonkey.co.uk/r/PASCASSCSURVEY

Town Centres in Wales to benefit from £15.2 million placemaking fund

The new funding package, available to all of Wales’s Local Authorities, is designed to be as flexible as possible and will offer support for a wide range of projects, from green infrastructure developments and the creation of active travel routes, to internal and external improvements for business owners. https://gov.wales/town-centres-wales-benefit-placemaking-fund

Business rates holiday extended for 12 months

The rates holiday for the retail, leisure and hospitality sectors in Wales will be extended for a further 12 months. The £380m package provides retail, leisure and hospitality businesses with rateable values up to £500k, and charities in Wales with a straightforward year-long business rates holiday – going beyond what has been announced in England – providing a much-needed boost for small and medium sized businesses struggling to cope with the impacts of the pandemic. https://gov.wales/business-rates-holiday-extended-12-months

Recovery Loan Scheme

A new loan scheme to support access to finance for UK business as they grow and recover from the disruption of the COVID-19 pandemic. The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing COVID-19 loan schemes close, providing support as businesses recover and grow following the disruption of the pandemic and the end of the transition period. Once received, the finance can be used for any legitimate business purpose, including growth and investment. The government guarantees 80% of the finance to the lender to ensure they continue to have the confidence […]

Budget Update – 3 March 2021

Furlough will continue until September, with no change of terms. After July, businesses will be asked for a 10% contribution, rising to 20% in August and September.Support for the self-employed will also continue until September. 600,000 self-employed people excluded from the government’s support package so far will be able to claim direct cash grants as part of an extension to the SEISS.The National Living Wage will rise to £8.91 from AprilThe 5% reduced rate of VAT will be extended for six months to 30 September followed by interim rate of 12.5% for another six months. The standard rate will not return until April next year.Contactless Payment – From today, the […]

Additional funding for Hospitality, Leisure and Tourism businesses

The Welsh Government has today announced a further £30 million for hospitality, leisure and tourism businesses affected by ongoing coronavirus restrictions.It has also confirmed that pending the outcome of the next review on 12 March, a further £150 million in grants could be made available to firms, including micro businesses, through the Welsh Government’s Non Domestic Rates (NDR) scheme if coronavirus restrictions are extended. https://gov.wales/additional-funding-hospitality-leisure-and-tourism-businesses