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£7m available to help local Covid-hit businesses

 
Created on 07/01/2022 @ 10:13

 

Another package of £7 million is available for impacted retail, hospitality, leisure, tourism, and their supply chain businesses in the Welshpool area.

The Welsh Government’s Economic Resilience Fund (ERF) is providing eligible businesses with an additional cash boost to help them through the economic consequences of the Covid-19 restrictions introduced on December 26 and scheduled to run to February 14.

Powys County Council will be responsible for getting the funds to businesses within the area.

Businesses that have a commercial property in Powys can receive grants of either £2,000, £4,000 or £6,000, depending on their rateable value.

Powys supply chain businesses will also be eligible for this support if they suffered a 40% reduction or more in turnover during the restriction period.

Businesses must be on the council’s Business Rates list from September 1, 2021, and occupied on November 30 to qualify.  You can apply for this grant from January 13.

 Also, businesses that operate from Powys but don’t have a commercial property can also apply for a grant from week commencing January 17.

Any impacted retail, hospitality, leisure, tourism businesses can apply or a supply chain business that has experienced a drop of 40% or more can apply for the discretionary grant.

Grants of £500 or £2,000 are available depending on the number of employees the business has. 

Following the announcement Cllr Aled Davies, Deputy Leader and Cabinet Member for Finance, said: “We welcome the news of more financial support for Powys businesses at what is an increasingly challenging time for them.

“The latest restrictions do have economic implications but hopefully this funding offers a lifeline and can support many businesses into the new year. 

“Powys County Council has paid out well over £80m in financial support during the pandemic, and we have funding of around £7million in the latest grant scheme.

“We have to follow strict guidance given to us by Welsh Government when making the payments, so businesses will have to follow an application process.” 

Further information and guidance on the grants can be found on the council’s website www.powys.gov.uk/coronavirus/helpforbusinesses 

PICTURE: Welshpool Town Centre during the first lockdown.


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