Circuit Breaker – Support for Businesses
Postiwyd ar : 20 Hyd 2020
Welsh Government has confirmed that businesses affected by the ‘circuit breaker’ will be supported with a new £300m fund, which will open next week:
- Every business covered by the small business rates relief will receive a £1,000 payment.
- Small and medium-sized retail, leisure and hospitality businesses, which have to close will receive a one-off payment of up to £5,000.
- There will also be additional discretionary grants and support for smaller businesses, which are struggling.
- The £80m fund announced last week to help businesses develop in the longer term, will be increased to £100m, which includes £20m ring-fenced for tourism and hospitality.
Businesses will also be able to access the support available through the existing Job Retention Scheme or the new expanded Job Support Scheme.
CCBC is currently awaiting further detailed guidance from Welsh Government and as soon as we get the green light we will publish all the appropriate information on our website.
For more information about Welsh Government support for business please visit: