Economic Resilience Fund – find out if your business is eligible for support from the next phase

Businesses can now find out if they are eligible to apply for financial support from the next phase of the Welsh Government’s Economic Resilience Fund (ERF). The online eligibility checker has reopened today and businesses will be able to make applications for support from this phase of the fund by the end of the month. The ERF is designed to support businesses, social enterprises and charities, which are not eligible for other Welsh Government and UK Government support schemes. The next phase of the fund will enable businesses to access a further £100m of financial support. It is being targeted at microbusinesses, SMEs and large businesses of critical economic importance, […]

Update on i Article

Further to the furore surrounding the article that appeared in the i the Forum asked for clarification on the First Minister’s position and have had the following from Visit Wales. “The comments reported do not reflect what the First Minister or Government said in regards to tourism. In fact, the First Minister reaffirmed our absolute commitment to the industry which is a backbone for the Welsh economy. The First Minister has been clear that this Government is committed to doing all we feasibly can to support the sector and to allow for a safe, phased reopening. “The feedback we’ve had from the tourism industry has been invaluable in helping to […]

Draft guidance for insurance companies

As part of its investigation into Coronavirus (COVID-19) related business interruption insurance, the Financial Conduct Authority (FCA) have published draft guidance on expectations for insurers and insurance intermediaries when handling claims and complaints for business interruption policies during the test case. The guidance highlights the steps firms should be taking to: identify the potential implications of the test case on decisions to reject claimskeep policyholders informed about the test case and its implications for policies, claims and any settlement offerstreat policyholders fairly when the test case is resolved https://www.fca.org.uk/publications/guidance-consultations/business-interruption-insurance-test-case-draft-firms In addition, the FCA have provided an update on where they are in terms of their legal case – they have […]

Honouring bookings and advertising availability

To help further clarify, no bookings can lawfully be honoured in respect of ‘stays’ during any restricted period, which is currently up to 18 June 2020 unless you are requested to re-open by the Local Authority or Welsh ministers for specific purposes only.  As a reminder, businesses should also not be advertising availability during a restricted period. If you advertise via third party websites or the Online Travel Agencies, please take some time to review your entries on these sites and amend your availability accordingly. You are able to accept bookings or reschedule bookings that fall outside this restricted period, however, there is a risk the restrictions will remain in […]

The Coronavirus Job Retention Scheme is changing:

From 1 July, employers can bring back to work employees that have previously been furloughed for any amount of time and any shift pattern, while still being able to claim CJRS grant for their normal hours not worked. When claiming the CJRS grant for furloughed hours employers will need to report and claim for a minimum period of a week. The scheme will close to new entrants from 30 June. From this point onwards, employers will only be able to furlough employees that they have furloughed for a full 3 week period prior to 30 June. This means that the final date by which an employer can furlough an employee […]

Changes to the lockdown announced

Plans to allow family and friends to meet outside have been unveiled by First Minister Mark Drakeford as the strict stay-at-home coronavirus (COVID-19) regulations are eased in Wales. From Monday, 2 households in the same local area will be able to meet outdoors. In doing this, however, people must follow social distancing and strict hand hygiene practices to control the spread of the virus.’Local’ means not generally travelling more than 5 miles from home to reduce the risk of coronavirus spreading from one area to another. The changes mean people can meet another household outdoors in their local area but all the other rules to protect people from coronavirus will […]