MWT Coronavirus Newsletter - Issue 46
Funding Support for Covid Restrictions
There are two schemes for retail, hospitality, leisure and tourism business and their supply chains affected by the restrictions. Applications to be made directly though your Local Authority.
You can only apply for one scheme that is suitable for you so please read the qualifying conditions on each Local Authority website (links above) BEFORE commencing your application. Some LAs have not yet released their detailed guidance.

Scheme 1 - Businesses That Pay Business Rates

Applications will open from 13th Jan 2022.

  • A £2,000 cash grant payment for hospitality, retail, tourism and leisure businesses with Small Business Rate Relief (SBRR) with a rateable value under £12,000. You can only receive payment for two properties

  • A £4,000 cash grant payment for hospitality, retail, tourism and leisure businesses with a rateable value between £12,001 and £51,000

  • A £6,000 cash grant payment for hospitality, retail, tourism and leisure businesses with a rateable value between £51,001 and £500,000.

A supply chain business that supplies impacted hospitality, retail, tourism and leisure businesses and can prove a 40% reduction in their turnover can also apply.
Scheme 2 - Discretionary Scheme for Business that Don't Pay Business Rates or Are Not Eligible For Scheme 1

Applications will open from week commencing 17th Jan 2022.

  • A £500 cash grant payment for hospitality, tourism, retail and leisure businesses which do not employ anyone apart from the owner, and do not have a property.

  • A £2,000 cash grant payment for hospitality, tourism, retail and leisure businesses who employ staff through PAYE (in addition to the owner).

  • A supply chain business that supplies impacted hospitality, retail, tourism and leisure businesses AND generates 60% or more of its sales revenue from those businesses directly impacted by the restrictions AND can prove a 40% reduction in turnover
Economic Resilience Fund (ERF) 2022

The Welsh Government ERF administered applications with a turnover of more than £85,000 will open in the week beginning 17 January 2022 and remain open for two full weeks.

The ERF is targeted at businesses in the hospitality, leisure and attraction sectors and their supply chains who have been materially impacted by a greater than 60% reduction of turnover between 13th December 2021 and 14th February 2022.

Eligible businesses can apply for grants of between £2,500k - £25,000, with grants dependent on their size and number of employees.


This will help you to gauge how much you can expect to receive under the new support package.
Cultural Winter Stability Fund

The Welsh Government’s £5.25m Cultural Winter Stability Fund will open for applications on Wednesday 12 January 2022, covering the period from 1 October 2021 to 31 March 2022.

The fund will assist Wales’ arts organisations, museums, libraries and independent cinemas at risk of closure or job losses as a direct result of the ongoing impact of COVID-19. The deadline for applications will be 5pm on 26 January 2022.

For more details, go to:

Information is also available on the Arts Council of Wales' website:
REGISTER FOR VISIT WALES E-BULLETINS
We also advise you to register for Visit Wales e-news bulletins.

Latest news for the Tourism Industry in Wales:
MWT CYMRU FACEBOOK GROUP
Visit website: www.mwtcymru.co.uk
As always, if you need any additional help or support please contact us