NEW: Start Up Grant for Businesses available now
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Coronavirus (COVID-19) - Help for Businesses

Dedicated Covid-19 Helpline for Powys residents and businesses.
Telephone number 01597 826345  Open 9am - 4pm
Find out about Grants and Reliefs, Benefits and Awards, Managing your Money and Debt Advice, and other help and support.

30th June 2020

#SuppportLocalPowys

29th June 2020

Visit Wales - Visitor Economy guidance

Visitor Economy guidance is now available to inform businesses working in the visitor economy in Wales of ongoing legal restrictions and requirements related to the coronavirus, and to help the sector re-open when this is allowed. It includes visitor accommodation, attractions, events and restaurants.

The Test, Trace, Protect strategy is a key part of the regulations to help us live and work alongside the virus: guidance on employers' responsibilities to help with COVID-19 testing and contact tracing.

Failure to comply with the relevant public health legislation and guidance to control public health risks could result in enforcement action by the relevant authorities.

Note: The Visitor Economy guidance will be updated over time. You can check for updates on the Welsh Government website. If you have any feedback for Welsh Government, please email CSTCovid19@gov.wales.

Start-up grant launched

A new start up grant has been launched to support new businesses dealing with the impact of coronavirus. The funding supports start-up firms, which fall outside the UK Government's Self Employment Income Support Scheme (SEISS) as they only began trading in 2019.  The funding pot is limited and is available on a 'first come first served' basis.  

Check your eligibility here: https://businesswales.gov.wales/news-and-blogs/news/start-grant-%E2%80%93-support-welsh-businesses

Economic Resilience Fund - Phase 2

Phase 2 of the Economic Resilience Fund is now live.   The funding is designed to support businesses, social enterprises and charities that are not eligible for other Welsh Government COVID-19 non-repayable grant support schemes.

Eligible businesses can claim up to:

  • £10,000 for micro businesses
  • £100,000 for SMEs
  • £690,000 for large businesses

The Fund is open to applications until 10 July 2020 (or until the fund is fully committed).

Check your eligibility and apply here:  https://businesswales.gov.wales/news-and-blogs/news/economic-resilience-fund-phase-2-%E2%80%93-now-open-applications?fbclid=IwAR0Yji_HcT8sHxYBEdJlrlIZIV5wOB60nNAiDdUyEKkCz50Twl9VIbdDW-U

22nd June 2020

Regulation changes - questions and answers

19th June 2020

Advice for businesses on latest changes

17th June 2020

Covid-19 business survey

Businesses are being asked for their views to help the council understand the full effects of Coronavirus on the local economy.

A new survey has been developed which asks Powys businesses how they are coping during the pandemic and what additional support they might need.

Feedback will form a crucial part of ongoing discussions with Welsh Government, Business Wales and partner organisations as we work together to provide more support and get Powys on the road to recovery.

The survey closes on 12 July and can be accessed on our Have your Say website.

9th June 2020

Economic Resilience Fund - find out if your business is eligible for support from the next phase

Businesses can now find out if they are eligible to apply for financial support from the next phase of the Welsh Government's Economic Resilience Fund (ERF).

The online eligibility checker has reopened today and businesses will be able to make applications for support from this phase of the fund by the end of the month.

The ERF is designed to support businesses, social enterprises and charities, which are not eligible for other Welsh Government and UK Government support schemes.

The next phase of the fund will enable businesses to access a further £100m of financial support. It is being targeted at microbusinesses, SMEs and large businesses of critical economic importance, which have yet to receive financial assistance from the ERF.

The online eligibility checker will allow companies and charities time to prepare their applications and can be found at: https://fundchecker.businesswales.gov.wales

30th May 2020

Workplace Guidance for employers in Wales.

The following guidance and links will take you to the resources that can help you get your business re-started and ensure that all employees can return to work safely. 

Welsh Government Workplace Guidelines
Welsh Government: Workplace Guidance for Wales

Welsh Government Manufacturing Workplace Guidance_0.pdf

Free practical support and independent advice is available from SMARTInnovation. To speak to an advisor please email: SMARTInnovation@gov.wales

Please visit the Business Wales website for more information on returning to work safely.

29th May 2020

Self-Employment Support Scheme Extended

Those eligible under the Self-Employment Income Support Scheme (SEISS), will be able to claim a second and final grant in August. The grant will be worth 70% of average monthly trading profits, paid out in a single instalment covering three months' worth of profits, and capped at £6,570 in total.

HM Treasury Website

Flexible Furloughing

From 1 July 2020, businesses will be given the flexibility to bring furloughed employees back part time. Individual firms will decide the hours and shift patterns their employees will work on their return, so that they can decide on the best approach for them - and will be responsible for paying their wages while in work.

26th May 2020

Apply for the coronavirus Future Fund - https://www.gov.uk/guidance/future-fund

Larger businesses to benefit from loans of up to £200 million - https://www.gov.uk/government/news/larger-businesses-to-benefit-from-loans-of-up-to-200-million

15th May 2020

Powys County Council is pleased to announce support to our local Charities, Community Amateur Sports Clubs, Community Interest Companies and Not for Profit organisations, through this difficult time of corona virus impact with a possible grant award of £10,000.

The grant will be awarded to those charities who qualify through the following criteria.

  • They must be getting discretionary relief or charities relief or community amateur sports club relief.
  • They must have a Rateable Value of £12000 or less
  • That the business is for Retail, Leisure some Services or Hospitality purposes
  • That the activity has reasonable accessible to visiting members of the public
  • That their total "trade or activity" to the public is the main or whole use of the business
  • If they have received a £10k grant help from the Economic Resilience Fund and or Sport Wales Emergency Relief Fund then they we cannot help. If they have received less than £10k we can pay the difference.
  • If they have more than one eligible property in Powys, we can only award help for a maximum of two properties.
  • They must apply by 5pm on 30th June to be considered

Letters will be sent out to qualifying Charities, Community Amateur Sports Clubs, Community Interest Companies and Not for Profit organisations who may qualify for the grant, from the 18th May - you will need to follow the instructions from this letter, and apply online.

13th May 2020

Rural Affairs Minister Lesley Griffiths has announced funding for Welsh dairy farmers hardest hit by the recent exceptional market conditions as a result of coronavirus.

The dairy sector has felt the immediate impact of the global pandemic with the closure of the food service and hospitality sectors.

To support the sector, eligible dairy farmers, who have lost more than 25% of their income in April and in May, will be entitled to up to £10,000, to cover 70% of their lost income. This will help ensure they can continue to operate without impacting animal welfare and the environment.

https://gov.wales/new-funding-to-support-welsh-dairy-farmers-through-covid-19

12th May 2020

Coronavirus Job Retention Scheme extended up to 31st October 2020

  • furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500
  • new flexibility will be introduced from August to get employees back to work and boost the economy

Full details here: gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme ...

12th May 2020

*Reminder* HMRC Self Employment Scheme opens for business tomorrow 13th May 2020

Check what you'll need to make your claim here:

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

11th May 2020

Guidance for safe workplaces

The 8 guides cover a full range of different types of workplace.

Many businesses operate more than one type of workplace, such as an office, factory and fleet of vehicles.

You may need to use more than one of these guides as you think through what you need to do to keep people safe.

Working safely during coronavirus (COVID-19) Guidance: https://www.gov.uk/guidance/working-safely-during-coronavirus-covid-19

6th May 2020

Business rates relief

We have awarded business rates relief to eligible businesses in Retail, Leisure and Hospitality and revised bills are now being sent out. This is a total of £10.5m in relief with 1,260 Powys businesses getting a nil bill for 2020/21

30th April 2020

Bounce Back Loans

Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders.  The new Bounce Back Loans scheme would help bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic.

Details as follows:

  • businesses will be able to borrow between £2,000 and £50,000 and access the cash within days
  • loans will be interest free for the first 12 months, and businesses can apply online through a short and simple form

The scheme will launch for applications on Monday 4 May 2020. Firms will be able to access these loans through a network of accredited lenders.

For further information please visit the GOV.UK website.

21st April 2020

Support finder tool

The UK Government has launched a new 'support finder' tool which will help businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them during the COVID-19 pandemic.

The finder tool on GOV.UK will ask business owners to fill out a simple online questionnaire, which can take minutes to complete, and they will then be directed to a list of all the financial support they may be eligible for.

The new business support finder tool can be found at https://www.gov.uk/business-coronavirus-support-finder

20th April 2020

Coronavirus Job Retention Scheme Goes Live

The UK Government's Coronavirus Job Retention Scheme has gone live today, with businesses able to claim up to £2,500 a month towards staff wages.

Employers can apply for direct cash grants through HMRC's new online portal.

The scheme allows employers to claim for a cash grant of up to 80% of a furloughed employees wages, capped at £2,500 a month.

gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme ...

Cash Grants for Holiday Lets:

As of 20 April 2020, in relation to self-catering accommodation, properties will not be eligible for a grant unless the following criteria are met:

  • The self-catering accommodation can produce two years of trading accounts directly preceding the current financial year of the business
  • The self-catering accommodation must actually have been let for a period of 140 days or more in the financial year 2019-20
  • The self-catering accommodation business must be the primary source of income for the owner (minimum threshold is 50%).

16th April 2020

Welsh Government Economic Resilience Fund

The application process for businesses qualifying for financial support from the Economic Resilience Fund will open on Friday 17th April. This phase of funding will release £200m and will target microbusinesses, SMEs and large businesses.  Full details on the eligibility criteria can be found on the Business Wales Fund Checker

9th April 2020

*Important update* Due to the unprecedented volumes of applications the Development Bank of Wales is now fully subscribed for the Covid-19 Wales Business Loan Scheme. 

Businesses seeking a loan should consider the Coronavirus Business Interruption Loan Scheme available for SMEs through over 40 accredited UK lenders.

Please visit Business Wales coronavirus advice webpage for more information on support for businesses.

£100 million Development Bank of Wales loan scheme fully subscribed in first week

https://developmentbank.wales/news-and-events/ps100-million-development-bank-wales-loan-scheme-fully-subscribed-first-week

2nd April 2020

£500m Resilience Fund - Welsh Government

Announced by Welsh Government on 30/03/20. A £500 million fund is being made available primarily aimed at supporting those firms in Wales who would not qualify from previously announced support packages. It consists of two elements:

£100m Covid-19 Wales Business Loan Scheme - available for companies who are experiencing cash flow problems as a result of the pandemic and will provide loans of between £5,000 and £250,000 at favourable interest rates. The scheme is live now, with further information on the Development Bank of Wales' website.

*Important update* Due to the unprecedented volumes of applications this scheme is currently fully subscribed, please check the website for further details.

£400m emergency fund - grants and direct support for businesses according to their size. The £400m emergency fund is expected to be live in April. Further information will be available on the Business Wales website

Grants of £10,000 for micro-businesses employing up to nine people.

Grants of up to £100,000 for small and medium sized firms with between 10 and 249 employees.

Support for larger Welsh companies, which are of critical social or economic importance to Wales

23rd March 2020

The Welsh and UK Governments have announced a package of financial assistance and support for businesses to help them during the coronavirus outbreak.  Full details about how businesses can access this funding is still emerging and will be updated as further information becomes available. 

If you are currently experiencing issues or have any concerns with regards to your business operations/supply chain contact the Business Wales helpline on 03000 6 03000. To stay up to date with the latest guidance to businesses see the Business Wales Coronavirus Advice page.

Further advice to businesses is also available on the Welsh Government and UK government websites:

https://gov.wales/business-and-employers-coronavirus

https://www.gov.uk/guidance/coronavirus-covid-19-information-for-individuals-and-businesses-in-wales

Business Rates Relief

The Welsh Government will provide grant funding to the 22 local authorities in Wales to provide the Retail, Leisure and Hospitality Rates Relief scheme to eligible ratepayers for 2020-21.  The scheme aims to provide support for eligible occupied properties by offering a discount of 100% on the non-domestic rates bill for a property, to all eligible premises.  The scheme will apply to all eligible ratepayers with a rateable value of £500,000 or less. This will be administered through Powys County Council. 

A new package of support will be available to retail, leisure and hospitality businesses with a rateable value of between £12,001 and £51,000, providing one year business rates relief and a grant of £25,000.

It also provides a £10,000 grant to all businesses eligible for Small Business Rates Relief with a rateable value of £12,000 or less.

Businesses that qualify for this support will not need to do anything to apply for these schemes. They will be administered through the Business Rates system.  Rates bills for the new financial year 2020/21 have already been issued without the relief being included. Any businesses who satisfy the criteria for the award of this new relief will receive an updated business rates bill at the earliest opportunity.

New Small Business Grant

Businesses will be able to apply for a new business grant. 

Apply for your business grant here

Business Interruption Loan Scheme - Now open for applications

The new Coronavirus Business Interruption Loan Scheme supports SMEs with access to working capital (including loans, overdrafts, invoice finance and asset finance) of up to £5 million in value and for up to 6 years. The scheme is now open for applications. To apply, you should talk to your bank or one of the 40 accredited finance providers (not the British Business Bank) as soon as possible, to discuss your business plan. You can find out the latest on the best ways to contact them via their websites. The full rules of the scheme and the list of accredited lenders are available on the British Business Bank website

UK Government Assistance

The UK Government has issued further guidance and support for businesses.  The package of measures to support businesses includes:

  • a Coronavirus Job Retention Scheme
  • deferring VAT and Income Tax payments
  • a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
  • the HMRC Time To Pay Scheme
  • Bank of England Corporate Financing Facility

Self Employed

This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.

Development Bank of Wales

To help limit and manage the commercial impact of Covid-19 the Development Bank of Wales are offering a 3-month capital and monitoring fee repayment holiday for all customers on request.  A number of private lenders and banks are also making funds available to small businesses impacted by COVID-19. 

Third Sector Organisations

For advice and support please see Welsh Government website

Summary of Assistance

Business Type

Conditions

Support

Source

Link

Retail/leisure/hospitality

ALL

 

100% business rates relief

Welsh Govt

This will be administered through the business rates system. You do not need to do anything. The Council will contact you.

 

https://gov.wales/coronavirus-covid-19-support-businesses

 

Retail/leisure/hospitality

Rateable value £12,001 - £51,000

 

Grant: £25,000

Welsh

Govt

ALL

Rateable value <=£12,000 and if receiving SBRR

 

Grant: £10,000

Welsh

Govt

Pubs

Rateable value £51,000 - £100,000

£5,000 reduction in business rates

Welsh Govt

New small business grant

 

 

Welsh

Govt

Businesses will be able to apply for a new business grant.  Details about how to apply will be available shortly.

https://gov.wales/coronavirus-covid-19-support-businesses

Business Interruption Loan Scheme

Small and medium sized (SMEs) businesses will be able to apply for bank loans and overdrafts.

Scheme will support loans of up to £5 million in value.

UK Govt

This scheme is now open for applications. To apply, you should talk to your bank or one of the 40 accredited finance providers

https://gov.wales/coronavirus-covid-19-support-businesses

https://www.british-business-bank.co.uk/ourpartners/supporting-business-loans-enterprise-finance-guarantee/

Job Retention SchemeAny entity with a UK payroll80% of usual monthly wage costs, up to £2,500 a monthUK Govthttps://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

SMEs

Under 250 employees

2 weeks statutory sick pay per employee with covid-19

 

UK

Govt

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses#support-for-businesses-who-are-paying-sick-pay-to-employees

Larger firms

 

Bank of England Covid-19 Corporate Financing Facility

UK

Govt

This scheme is now open for applications.

https://www.bankofengland.co.uk/news/2020/march/the-covid-corporate-financing-facility

Self-employed taxable grant worth 80% of trading profits up to a maximum of £2,500 per month for the next 3 months.UK Govt

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

All For those not eligible for the business or self-employment income support schemes or SSP, you may be eligible for Universal Credit.UK Govt

https://www.gov.uk/apply-universal-credit

Young Entrepreneurs, 18-30 yr old COVID-19 Relief Grants and SupportPrinces Trust

https://www.princes-trust.org.uk/about-the-trust/coronavirus-response/enterprise-relief-fund

ALL and self-employed

 

HMRC Time to Pay service

UK

Govt

https://www.gov.uk/government/news/tax-helpline-to-support-businesses-affected-by-coronavirus-covid-19

Development Bank of Wales customers

 

3-month capital and monitoring fee repayment holiday for all customers on request.

Dev Bank Wales

https://developmentbank.wales/coronavirus-support-welsh-businesses

Third Sector / Social Enterprises  

Welsh Govt / Social Business Wales

https://gov.wales/coronavirus-support-for-the-third-sector

https://businesswales.gov.wales/socialbusinesswales/covid-19-support-your-social-business

Food Businesses AdvicePCC

https://en.powys.gov.uk/article/8810/Coronavirus-COVID-19---Environmental-Health

Farmers  Welsh Govthttps://gov.wales/emergency-measures-support-farmers-during-covid-19-unveiled?fbclid=IwAR3xQcoi5LxuxIz0NGlL6iD-tURRf9j0Mz5IWHaKtVnFHo8-o5FjfBQ3V8k

Important message to suppliers:

Current events are having an impact on us all and the Council wants to ensure that payments to our suppliers can be maintained.  Council staff are currently working from home and we already have a process in place by which invoices can be submitted via email.  Invoices submitted this way can be processed much more quickly than paper documents submitted by post and are not reliant on the location of our staff.

We therefore request you to submit your invoices attached to an email forwarded to the following email address:- invoices@powys.gov.uk.

Invoices can ideally be submitted as a pdf document, or as a scanned image. If you need advice about the format of the documents, please contact invoices@powys.gov.uk.

Paper invoices received through the post will of course continue to be processed, but will inevitably take longer.   

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