Notice: Coronavirus (COVID-19)
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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.

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.
  • £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 Government has announced a package of support worth £1.4bn for small 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. You do not need to contact the Council about this, you will receive information in due course.  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/

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 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 / Charities  Welsh Govt

https://gov.wales/coronavirus-covid-19-support-for-the-third-sector-html

Food Businesses AdvicePCC

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

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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