Some £280m in grants have reached businesses across Wales battling with the devastating impact on trading from the Covid-19 pandemic.
As part of a £1.7bn support package from the Welsh Government grants of £10,000 and £25,000, depending on the rateable value of trading properties, are on offer.
As in England the grants of £25,000 are being made available for retail, leisure and hospitality businesses occupying properties with rateable values of between £12,001 and £51,000.
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It is estimated that there are up to 8,500 eligible properties in Wales. If all drawn down the total support package would be around £212m.
A £10,000 grant is also being made available to all businesses, eligible for small business rates relief, with rateable values of £12,000 or less. It is estimated that there are up to 63,500 eligible properties in Wales.
If all drawn down it would represent a total support package of around £635m.
The Welsh Government in an update said as of April 9th some £288m in grants had been distributed, via the 22 local authorities in Wales, to 22,500 firms. Based on the total number of eligible businesses, the take up of grants is now at around 33%.
Applications forms by local authority:
North Wales
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Mid Wales
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South West Wales
South East Wales
Last week the Welsh Government announced more details of its £400m in grant support under its £500m Economic Resilience Fund. (ERF).
Funding for micro-businesses (defined at employing between 1-9 and in addition to the owner), will be entitled to grants of up to £10,000.
However, non VAT registered businesses, which cover the vast majority of start-ups created over the last two years, will not be entitled to grant support.
For qualifying SMEs, employing between 10 and 249 staff, funding of up to £100,000 will be available.
Funding for larger firms will be made on a case by case basis and could exceed £100,000.
However, those firms being supported under the £1.2bn support package will be not eligible to support under the £400m grant element of the ERF.
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