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Economic Development

Welsh Government urged to scrap hospitality and retail rateable value cap for Covid grants

Aberconwy MS Janet Finch-Saunders also says the local lockdown grants should not be 'discretionary'

Llandudno's famous seafront(Image: Daily Post Wales)

Welsh Government has been urged to scrap its rateable value cap on Covid business grants to allow large retailers and hospitality firms access.

Economy Minister Ken Skates has announced a £300m package to support Welsh firms as the nation goes into a 17 day firebreak.

But concerns have been raised that certain firms will miss out on the latest tranche of Economic Resilience Fund cash.

Among the support on offer are payments of up to £5,000 for retail, hospitality and leisure businesses that are required to close and which occupy a property with a rateable value of between £12,001 and £50,000.

But Aberconwy MS Janet Finch-Saunders has urged the minister to review the decision to enact a rateable value cap of £50,000.

Janet Finch Saunders, Conservative MS for Aberconwy(Image: BBC LDR service)

She said the decision currently precludes some local hotels from gaining access to necessary funding support. 

In response the Welsh Government said the separate £100m ERF fund would be available for all firms to apply to.

She also raised concerns that additional local lockdown grants of up to £1,000 were "discretionary" and on the first-come, first served basis. The MS says all impacted firms should have access to this money.