William Eichler 23 December 2021

Welsh government confirms £120m for Omicron-hit businesses

Welsh government confirms £120m for Omicron-hit businesses image

Wales’ First Minister yesterday confirmed that the Welsh Government would be making £120m available for nightclubs, events, retail, hospitality, leisure, tourism businesses and their supply chains.

The funding, aimed at supporting businesses impacted by new COVID-19 measures, will take the form of three elements including grants of £500 - £2000 that will be issued by local authorities to sole traders, freelancers and businesses who don’t pay rates.

There will also be Non Domestic Rates (NDR) linked grants of up to £6,000 and the Welsh government’s Economic Resilience Fund (ERF) will see grants of up to £25,000 made available for severely impacted hospitality and leisure business, and their supply chains.

‘The £120m package is designed to support businesses impacted by the spread of Omicron through the period 13 December 2021 to 14 February 2022,’ said Vaughan Gething MS, minister for economy.

‘This timeframe is linked to the expected impact of Omicron on Welsh businesses. It is not based on any expectation that restrictions will continue into mid–February. Ministers will continue to monitor the data and scientific advice that inform decisions on restrictions as part of the regular review periods.’

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