Another round of funding to help hospitality businesses

Image of money

16 December 2020

Image of money A further package of financial support is available for hospitality, leisure, tourism, and related supply chain businesses.

The Welsh Government's Economic Resilience Fund (ERF) is providing eligible businesses with an additional cash boost to help them through the economic consequences of the recent Covid-19 restrictions.

As with many previous schemes Powys County Council will be responsible for getting the funds out of the door to businesses. The new ERF scheme consists of two separate grants:

ERF Restrictions Business Fund

Hospitality and leisure businesses that have been directly impacted by the recent Welsh restrictions can receive grants of either £3,000 or £5,000, depending on their rateable value.

Eligible businesses who received the firebreak grant in October will not need to re-apply for this. They will automatically receive the payment into their bank account.

Hospitality and leisure businesses who have been directly impacted and did not receive the firebreak grant can apply from 12pm on 16 December 2020.

Tourism, retail, and supply chain businesses will also be eligible for this support if they can evidence a reduction in turnover for the restriction period. These businesses can apply on the council's website from 4 January 2021.

Businesses must be on the council's Non-Domestic Rates (NDR) list from 1 September 2020 and occupied on 30 November 2020 to qualify.

ERF Restrictions Discretionary Grant

For this part of the scheme the council will pay out discretionary grants of up to £2,000 where businesses and sole traders are materially impacted during the restriction period.

Businesses will not qualify for this grant if they are eligible for, or have received, a Non-Domestic Rate Grant from the council.

The application for this discretionary grant will be available on the council's website from 4 January 2021.

Following the announcement Cllr Aled Davies, Deputy Leader and Cabinet Member for Finance, said: "We welcome the news of more financial support for Powys businesses at what is an increasingly challenging time for them.

"The latest restrictions do have economic implications but hopefully this funding offers a lifeline - particularly at Christmas time - and can support many businesses into the new year.

"Powys County Council has paid out well over £50million in financial support during the pandemic, and we have already paid out over £1million in these latest grants.

"We have to follow strict guidance given to us by Welsh Government when making the payments, so some will be automatic and others will need an application.

"Thank you to every Powys resident who is following the Covid-19 advice and helping to protect our communities at this very crucial point. Please keep it up, and stay safe."

Further information and guidance on the grants can be found on the council's website www.powys.gov.uk/coronavirus/helpforbusinesses

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