After being left to fend for themselves under pandemic conditions for more than a year, eligible supply chain businesses in Wales will receive up to £25k from the newly re-elected government in its latest support package.
The Welsh Government has announced a new support package for businesses, including their supply chains, in a bid to kickstart companies affected by the global pandemic.
Eligible businesses, which for the first time can include the supply side of the hospitality and leisure industry, are set to receive up to £25,000 as normal trading begins to resume in Great Britain once again. Since the pandemic began, the the Welsh Government has provided more than £2bn to tens of thousands of businesses, with the latest support package also benefiting nightclubs and late entertainment venues, events and conference venues and hospitality and leisure businesses.
“The public health situation continues to improve in Wales – we have the lowest coronavirus rates and the best vaccination rates in the UK,” said First Minister Mark Drakeford.
“We know the restrictions have helped to keep us all safe but they have had a big impact on Welsh businesses, which is why we are making more funding available to support firms and safeguard jobs.
“My new government will provide more detail about the extra financial support we will be providing to businesses to help them develop and grow as Wales recovers from the impact of the pandemic.”
An eligibility checker opened on the Business Wales website at midday on 17 May for businesses to find out how much support they are likely to be entitled to and how to apply.
Businesses will be able submit applications by the end of the month and they will receive between £2,500 and £25,000 depending on their circumstances. Funding will be calculated based on the size of the business and the type of restrictions they are under.
This support is in addition to the Welsh Government’s £610m non-domestic rates relief which will mean more than 70,000 retail, leisure and hospitality businesses pay no rates in 2021-22.
There will, however, be a footnote warning to businesses in the amusements and gaming sector; at the start of the pandemic, it was Welsh local authorities that gave grants to businesses in the sector only to try to call them back on the grounds that they weren’t deemed part of the hospitality sector. A lot has happened since then, not least a vote of confidence for the Drakeford government which surely won’t allow authorities to make the same howler again?