£120 million support fund for Welsh businesses affected by Omicron

Eligible firms in retail, hospitality and leisure and tourism will soon be able to apply for emergency financial support... Businesses in Wales affected by the Omicron variant are eligible for emergency financial support under a Welsh Government support package. Wales Golf are pointing clubs in the direction of £120 million in funding that is available for retail, hospitality, leisure and tourism and supply chains that have been affected by the move to alert level two. It will cover non-domestic rates and a new Economic Resilience Fund for Hospitality & Leisure. Those businesses in retail, hospitality, leisure and tourism that pay non-domestic rates will be entitled to a payment of £2,000, £4,000 or £6,000 depending on their rateable value. Wales Golf, in their most recent Covid-19 update, said businesses will need to re-register their details, which can be done through an online process, with their local authority to receive their payments. It has also been extended to support non-essential retail. Registration will open via local authority website from the week starting January 10. Regarding the New Economic Resilience Fund, eligible businesses and their supply chains can apply for grants of between £2,500 and £25,000. The amounts are dependent on the size of the business and the number of employees. The application window opens in the week starting January 17 and Wales Golf said payments could start to reach businesses within days. They added that local authorities will also administer a discretionary fund for businesses and sole traders who do not pay rates - £500 to sole traders and freelancers and £2,000 to employing businesses in impacted sectors. Clubs that want to work out how much they could receive under the new support package should click on an eligibility checker on Business Wales. Do you subscribe to the GCMA’s weekly E-newsletter? Make sure you’re not missing out on the latest in the world of golf club management. Click here to join in.  
This is member only content

Please LOGIN to read the full article.

Not a member? Please click here to join today.

More from GCMA News