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Wednesday, December 16, 2020

Latest schemes to help covid-hit businesses

Denbighshire County Council is informing tourism, hospitality and leisure businesses about the latest tranche of funding to support those affected by covid-19 and how to apply for assistance.

The First Minister announced earlier this month that additional grant schemes to support local businesses would be implemented. 

The two headline schemes are known as the Restrictions Business Rates Fund and the Restrictions Fund Discretionary payments.   

The Restrictions Business Rates Fund will be available for businesses within the Tourism, Hospitality and leisure sectors with a rateable value of £12,000 or less and which are materially impacted as a result of the restrictions will receive a payment of £3,000. 

The maximum number of awards for the £3,000 grant is two, which is in line with the Small Business Rates Scheme.

Tourism, leisure and hospitality businesses and their supply chains with a rateable value of between £12,001 and £150,000 and materially impacted by the restrictions will receive a payment of £5,000, subject to meeting eligibility criteria.  

There is no maximum number of awards under the retail, hospitality and leisure scheme.

Direct payments totalling £1.42 million will be made to 415  businesses  in the tourism, hospitality and leisure sectors  that applied for the firebreak grant funding and who meet the criteria.  

There will be no need to apply as the council will be making these payments directly, on behalf of Welsh Government by the end of this week.

Those businesses that did not previously apply for the firebreak funding, or who believe they may now meet the eligibility criteria can apply online, at: from Wednesday, 16 December at 3pm onwards.  

The Restrictions Discretionary Fund scheme will be put in place to support businesses that do not have a Business Rates liability.   

Discretionary grants of up to £2,000 will be available for those not on the non-domestic rating list. This scheme will be opened on Tuesday, 15th December at 10.00 am at 

Applications will be dealt with on a first come first served basis. This may lead to applications not being appraised after they have been submitted if the fund is fully committed.

Leader of Denbighshire, Councillor Hugh Evans OBE, said: “We have heard from businesses across Denbighshire that have suffered financially as a result of covid-19 and some are dependent on national funding  like this to bridge the gap and remain in operation.

“These latest funding packages will hopefully provide some financial assistance to alleviate some of the financial pressures and concerns facing businesses during these times."

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