Welsh Government December 2020 – January 2021 Restrictions Business Funds THE FUND HAS NOW CLOSED. Welsh Businesses Receive Funding Boost from Coastal Communities Fund. The Restrictions Business Fund Non-Domestic Rates (NDR) and Discretionary based grants for non-essential retail, hospitality, leisure and tourism (NERHLT) sectors has been extended to provide a single top up payment to cover the period between the 25 January and end of March 2021 … As part of our ongoing commitment to economic development and supporting businesses, we also offer a number of funding support schemes to businesses of all scales and at all stages in their development. To help businesses locate the varied range of support available to them to get through this difficult period take a look at the COVID-19 Business Support Finder pages we’ve created. Share this page. By continuing to … Non-essential cookies are also used to tailor and improve services. A prominent Grade II listed office building in Cardiff is being brought back in to use as offices for PHG Consulting Engineers following a finance packag. 1.1 The Wales Business Fund (WBF) continues a long-term commitment within Welsh Government, with the support of the European Union, to use repayable financial instruments to address market failures in the provision of external business finance to SMEs in Wales. More from Funding . These packages of support are designed to cover as much of the Welsh Economy as possible, and are mainly focused around providing financial support for businesses, however business advisory support is still available online through our Business Wales service to assist you with financial planning and recovery when the outbreak ends, and businesses start to consider their recovery. Cultural Recovery Fund Grant . ... Business Wales. Yesterday, the Welsh Government announced a further substantial support package of £340m for businesses materially impacted by the set of new targeted restrictions in the hospitality, tourism and leisure sectors coming into effect from 6:00 pm on 4 December 2020. All content is available under the Open Government License, except where otherwise stated, For further support or business advice call, Close the COVID-19 campaign and return to Business Wales, Find out more about The Welsh Government is working closely with business and industry to get supplies of critical equipment including cleaning products and PPE to front line workers facing shortages during the COVID 19 outbreak. In creating Business News Wales, we aim to provide a voice for all Welsh businesses. BUSINESS WALES Business Wales provides tailored support to start–up, micro and small and medium sized businesses in Wales. Property development fund. Match funding of at least 40% in WWV and 50% in EW is required. Skip to main content GOV.WALES uses cookies which are essential for the site to work. Economy Minister Ken Skates announced the new phase of the fund last week which will see an additional £140m being made available to businesses.. SBGF is part funded by the European Regional Development Fund and Welsh Government and is added to the suite of investments administered by … Finance Wales is the UK’s largest funder of its type, managing £694 million across 10 business funds and the Help to Buy – Wales equity loan scheme. Print this page. Lockdown Business Fund 27 October 2020 This is a fund to provide financial assistance to businesses that are facing operational and financial challenges caused by the national lockdown announced for Wales as a result of COVID-19. Please tell us the format you need. Funding is available to businesses and organisations that have been adversely affected by COVID-19. Business Could an independent Wales go it alone? By continuing to use this site, you agree to our use of cookies. you haven't clarified the importance of the funds to the project's success or failure; you can't prove that you have matched funds ; you haven't proven your need for grant support; If your business is declined for a grant, you can ask for feedback on why the application was turned down to help with future applications. The Social Business Growth Fund (SBGF) supports social businesses in Wales financially to enable them to grow and create job opportunities. See the latest advice from NHS Direct Wales and use the Coronavirus COVID-19 Symptom Checker. PDF. Read the latest information about COVID-19 from Public Health Wales. The fund is now live for applications via the Business Wales website and will be available to firms who pass the eligibility criteria and is designed to help those businesses, charities and social enterprises who are struggling with cash flow problems. The Wales Micro Loan Fund is funded through The Development Bank of Wales to support small and medium sized enterprises. Business growth fund. Town Centre Loan Scheme. Non-essential cookies are also used to tailor and improve services. The service can help you understand what your needs are and provide tailored support packages including access to online tools, workshops, specialist advisers In 2018/19 WCVA distributed around £11.5m in funding to charities, social enterprises and volunteers in Wales. Coronavirus Bounce Back Loan. The fund will be administered by your Local Authority. The business growth fund aims to support local businesses and inward investors to grow and prosper, resulting directly in the creation of jobs throughout the County, thus improving the local economy. The ex-first minister of Wales believes so anyway, though others are less sure. The £160m "Restrictions Business Fund" will offer firms in the hospitality, tourism and leisure sectors that pay non-domestic rates (NDR) grants of up to £5,000. 2 MB. Free parking in town centres. Apply for funding for staff in early years, childcare and play sectors to gain recognised qualifications. It has been set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance they need to start up, strengthen and grow, All content is available under the Open Government License, except where otherwise stated, For further support or business advice call, BEIS - guidance for employers and businesses. By continuing to use this site, you agree to our use of cookies. The ERF Sector Specific Grant has now closed. 20 May 2020 Added information about the Future Fund, which has launched today. Find funding for your charity, community group or social enterprise using our free online search engine. Updated information on the Job Retention Scheme and details about business closures in Wales. Home. If you use assistive technology please tell us what this is. Read stay-at-home guidancefor households with po… Lockdown Business Fund – Local Authorities North Wales Mid Wales South West Wales Help Wales after Storm Dennis fund. BUSINESS WALES Business Wales provides tailored support to start–up, micro and small and medium sized businesses in Wales. fund is fully committed. Password Following the First Minister’s announcement on 12 March, two new Non Domestic Rate linked grants are being introduced: The additional support will help businesses in the hospitality, tourism, leisure and non-essential retail sectors that pay non-domestic rates and will operate as a top up to the Restrictions Business Fund. Skip to main content GOV.WALES uses cookies which are essential for the site to work. 2 MB. The grant can be claimed by businesses that meet the following criteria: The business must be an SME based in Wales (including sole traders and micro businesses) The business needs to demonstrate that they have been directly impacted by storm Bella and/or storm Christoph, i.e. Business Grants Wales. Free parking in town centres. Employing people. Events Support Fund. 6 November: Bulletin Content - ERF Lockdown Business Fund remains open; Coronavirus regulations from 9 November 2020; Self-Employment Income Support Scheme Grant Extension – SEISS; Business Wales / Visit Wales Bulletins; Open call Siop.io pilot scheme 10 November; The UK and EU transition – Take action now for new rules in 2021. 17/03/2021. Ammanford Regeneration Development Fund. So, to access £150,000 of support in WWV would mean you need to provide £100,000 of additional match funding. Find out about help and support available during the coronavirus outbreak on Business Wales. Funding for freelancers will open early May and be delivered by local authorities. Business Wales Events Finder. GOV.WALES uses cookies which are essential for the site to work. Wales Business Fund: ex-ante evaluation update, file type: PDF, file size: 2 MB . SMART Cymru Decarbonisation Grant. BUSINESS WALES Business Wales provides tailored support to start–up, micro and small and medium sized businesses in Wales. The Development Bank of Wales is a unique lender to businesses in Wales. cookies, Y wybodaeth ddiweddaraf am y cymorth sydd ar gael i fusnesau bach yn ystod yr achosion o coronafeirws, The latest information on the support available for small businesses during the coronavirus outbreak. Funds have been made available to provide grant aid for capital projects for the county's rural enterprises. This increases the support made available for businesses and their employees in Wales since the start of the Covid-19 … BUSINESS WALES Business Wales provides tailored support to start–up, micro and small and medium sized businesses in Wales. The service can help you understand what your needs are and provide tailored support packages including access to online tools, workshops, specialist advisers and mentors. Secured and unsecured. The fund will remain open for 2 weeks or until funds are fully committed. It is available to download in full from the Business Wales website. Business start up fund. The grant will provide assistance to enterprises and sole traders for the development of new and existing business premises, where new jobs are created as a result of the project. Businesses Eligible for the Extended Restrictions Business Fund will receive the following top up: Non-essential retail, hospitality, leisure and tourism businesses in receipt of Small Business Rate Relief (SBRR) and with a rateable value of £12,000 or less will be eligible for an additional £3,000 payment. This is a fund to provide financial assistance to businesses that are facing operational and financial challenges caused by the national lockdown announced for Wales as a result of COVID-19. UK Community Renewal Fund. Includes pay, contract and hiring on GOV.UK. The support provided is a mix of grant and repayable assistance; the more you overachieve in creating jobs the less that needs to be repaid. This may lead to applications not being appraised after they have been submitted if the fund is fully committed. on Wednesday 31st March 2021 or when the fund is fully committed. For further information please visit the Business Wales Barriers Grant pages. Welsh Land Transaction Tax Changes Must Encourage Welsh Economic Recovery. Flexible business finance for companies based in Wales from £1,000 up to £5 million. The Chancellor of the Duchy of Lancaster. The fund consists of two separate grants: Applications will be dealt with on a first come first served basis. The fund may provide a limited number of £50,000 grants to projects that are further advanced, to be negotiated on a case-by-case basis. The grant will be managed through the Business Wales service. We aim to source additional funding to replenish the pot, so we are welcoming expressions of interest for which we will place on a reserve list. Loaned and invested in businesses in Wales ... Development Bank of Wales and Barclays funding package helps PHG Consulting Engineers move to new Grade II Cardiff HQ . English; Cymraeg; His Royal Highness The Duke of Edinburgh, 10 June 1921 to 9 April 2021. Social Business Wales (SBW) is an EU funded project designed to support established social businesses that are looking to expand, diversify or create more jobs. Chancellor Rishi Sunak announced a business rate holiday for all firms in England in the retail, leisure and hospitality sectors for 12 months and funding grants of … Offering a language choice is good for customer care and supports the Welsh language. The Micro Fund element of this, for grants up to £10k, is going to launch on 16th April. Funding sources. Case studies; News and Blogs; Categories. How we can help . Funding for Research and Development and Business Growth. To apply for funding from WCVA you’ll need to register on our Multipurpose Application Portal (MAP). Non-essential cookies are also used to tailor and improve services. Welsh Businesses Receive Funding Boost from Coastal Communities Fund . Property development fund. See details of the fund and expression of interest form below. The Fund is investing a total of £6 million in small loans until 2022, with Social Investment Cymru managing access to these fund for social businesses in Wales. The main providers of grants in Wales are the Welsh Government, the UK Government, the EU, local authorities and charities. SHARE . A market assessment was carried out, and the report provides commentary on a revised investment strategy and its continued relevancy. Restrictions Business Fund. Restrictions Business Fund. This announcement follows extensive engagement with individual businesses, leading business organisations and trade associations from across all parts of the UK, including through the Brexit Business Taskforce. It brings this latest phase of Welsh Government support to £650m and will help businesses with operational costs through to the end of March. News . This decision meant that the Welsh Government would no longer receive a share of Crown Estate marine revenue that has been used since 2011 to support the Coastal Community Fund in Wales. The Fund is investing a total of £6 million in small loans until 2022, with Social Investment Cymru managing access to these fund for social businesses in Wales. Up to £5,000 available to voluntary organisations working in communities in Wales affected by Storm Dennis. Please enter your email address and password below to log in. This latest funding will be used to extend the Economic Resilience Fund (ERF) Restrictions Business Fund non-domestic Rates (NDR) grant and Discretionary based grants for all non-essential retail, hospitality, leisure and tourism (NERHLT) sectors. Supply chain businesses qualifying for Small Business Rate Relief will also be eligible for this … SHARE. The Business Fund is currently fully committed, so therefore no funding is available for application at this stage. Please tell us the format you need. 5. If you need a more accessible version of this document please email digital@gov.wales. Not only can you enjoy all the lifestyle benefits of living in such a beautiful place, but there is also a wide range of business funding options to help your business … Extra funding in Scotland, Wales or Northern Ireland = Extra funding in England × Population proportion compared to England × The extent to which the relevant English departmental programme is comparable with the services carried out by the devolved administration. The funding is to cover the period from 1 April 2021 to 30 September 2021. Previous Article . You can also visit the Funding Wales site to search for opportunities. Blogs; BOSS; Business Diaries; News; Video Guides; Archive . The fund can provide investment of up to £150,000 in West wales and the Valleys (WWV) and £125,000 in East Wales (EW). Find funding for your charity, community group or social enterprise using our free online search engine. Welcome to Funding Wales the new funding search platform created by Third Sector Support Wales. Wales Business Fund: ex-ante evaluation update, file type: PDF, file size: 2 MB . By browsing our pages you are accepting our use of cookies. The WBF is part funded through the European Regional Development Fund. Business growth fund. We recommend you also visit our business support page and the Business Wales website . It has been set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance they need to start up, strengthen and grow Events Support Fund. Email address. Restrictions Business Fund Closed Non-Domestic Rate (NDR) Grant - March 2021: The Welsh Government has instructed local authorities to close the ERF Restrictions Business Fund (RBF) to new applications in respect of Non-Domestic Rate Grants in Wales at 5pm on Wednesday, 31 March 2021. The second round of funding is now open for applications. Town Centre Loan Scheme. The additional support will help businesses in the hospitality, tourism, leisure and non-essential retail sectors that pay non-domestic rates and will operate as a top up to the Restrictions Business Fund. Enter the dedicated business ideas and innovation area. Social Business Wales (SBW) can help with a wide variety of challenges – from VAT advice to visioning, from business planning to board development and from sales strategy to stakeholder engagement. Intimate piercing: guidance for local authority enforcement officers . Your business … Provision of Critical Equipment and Personal Protection Equipment (PPE) The UK Games Fund can provide grants of up to £25,000 to help new and young games development businesses create working prototype games. 1.1 The Wales Business Fund (WBF) continues a long-term commitment within Welsh Government with the support of the European Union to using repayable financial instruments to address market failures in the provision of external business finance to SMEs in Wales. The Welsh Government announced on 29 January that further support will be made available following the extension of Level 4 Restrictions.. If you need a more accessible version of this document please email digital@gov.wales. Wales Business Fund What does the Wales Business Fund offer? The grant will be open to applications from the 28 October 2020 and will close at 5pm on 20 November 2020 or when the fund is fully committed. Restrictions Business Fund. We use cookies to make this site simpler. Looking to reduce or remove carbon from products, processes or technologies? The following guidance is current as at 29 June 2020 and will be reviewed in the event of any changes. Businesses liable for Non-domestic Rates who have already received funds for the December 2020 and January 2021 period will receive the additional … The Wales Business Fund can provide business loans (with terms generally ranging between five and seven years) and equity between £50,000 and £2m. Businesses across Wales can now find out if they can apply for funding from the third phase of the Economic Resilience Fund (ERF). Next Article. For those making an application to the Welsh Government for grants, you should … It builds on the success of the Wales JEREMIE Fund which invested over the period 2009-15, providing finance to The latest funding is linked to the non-domestic rates system and will operate as a top up to the Restrictions Business Fund which was put in place in early December. This will see an eligible business with a rateable value of £12,000 or less receive an extra £4,000 … Grant Funding. Information and guidance for business on GOV.UK. If you use assistive technology please tell us what this is. Business News Wales MD Mark Powney spoke with Giles Thorley, Chief Executive of the Development Bank, about the launch of this new fund. You will need to be VAT registered to apply for this and employ 1 to 9 employees. This is an incredibly difficult time for the whole of the Welsh economy, the support that Government is providing is designed to support as many businesses as possible through the outbreak. Coastal communities and town centres will receive a £6 million boost thanks to the Deputy Minister for Housing and Local … Read the full guidance on staying at home and away from others for everyone in the UK. Limited companies, partnerships and sole traders trading for longer than two years will be able to access loans up to £250,000 fixed at 2%, with an interest and capital repayment holiday for the first 12 months. Applications for the Cultural Recovery Fund Phase 2 are now open and will close on the 20 April 2021 at 5pm. Grants . The Wales Business Fund is a recyclable fund and money made from investments will go into a legacy fund which will be used to further fund Welsh businesses. The service can help you understand what your needs are and provide tailored support packages including access to online tools, workshops, specialist advisers and mentors. Read more. In th is section you’ll find information on WCVA’s funding schemes, along with everything you need to help you search for and maintain funding for your cause. The first element of this latest package of support is a £160m Restrictions Business Fund which is expected to support around 60,000 hospitality, leisure, tourism and retail businesses across Wales affected by the restrictions. You can search hundreds of grant and loan finance opportunities from local, national and international sources. Business and self-employed. TBC or when the fund is fully committed. Finance. For further information and guidance please visit the Business Wales COVID-19 Support for Business page. There has never been a better time to set up your business in Wales. Chaired by Michael Gove the weekly meetings provided an opportunity to identify challenges and find solutions to outstanding issues. Find out more on our cookies and privacy page. If you have been turned down for Welsh Government Business Grant (above), you could look at the Economic Resilience Fund. Loans and equity. Welcome to Funding Wales the new funding search platform created by Third Sector Support Wales. Business ideas and innovation. This site uses cookies to make the site simpler. The purpose of the fund is to support businesses with cash flow support to help them survive the economic consequences of the restrictions put in place. You can search hundreds of grant and loan finance opportunities from local, national and … Register with MAP so you’re ready to apply. The report focuses on the WBF, a financial instrument providing loans, mezzanine and equity investments to Welsh businesses. Search Business Wales webinar for various COVID-19 business online events, Here you can find Business related news covering COVID-19, Use this FAQs for a quick COVID-19 business answer, The Development Bank of Wales is a unique lender to businesses in Wales. Targeted Regeneration Investment Programme. The £20 million SME Brexit Support Fund will help small businesses with changes to trade rules with the EU. The incentive on offer is aimed to stimulate the supply of high quality business premises within Carmarthenshire by offering funding towards high quality industrial units or office accommodation. Types. All guides and articles. If you feel you can contribute, see PPE page. Economic Resilience Fund – Micro up to £10k. Find out more about The service can help you understand what your needs are and provide tailored support packages including access to online tools, workshops, specialist advisers and mentors. Search. Loans. The First Minister has announced that alert level 4 lockdown restrictions will remain in place in Wales for the next 3 weeks to allow the NHS to recover. The fund will open for applications on 1 December 2020. SBW can help with a wide variety of challenges – from visioning to sales strategy. PDF. A copy of the guidance, rules and procedures issued by the Welsh Government to local authorities in Wales for the administration of the Restrictions Business Fund. Built Environment Finance & Investment Home Page North Wales Original Content. The Wales Micro Loan Fund is funded through The Development Bank of Wales to support small and medium sized enterprises. Manufacturing, engineering and logistics businesses in and around Boston, Grimsby and Scunthorpe can now access a package of business support and funding worth more than £300,000 after the launch of a new growth accelerator programme. Skip to content Search. Mark Powney, 17th March 2021 . Find your nearest BSL Cymraeg. The Welsh Language in Business. Note that businesses that receive money from the Wales Business Fund will usually need to match the amount invested with other funds. About cookies . Use the Eligibility Checker now to review the criteria prior to applying. Wales is not too poor to be an independent nation. Apply for funding to train staff in early years, childcare and play . Business Wales provides free independent advice to people starting, running and growing a business in Wales. Further information and details on how to make an application for the package of business support is available on the Business Wales website. cookies, Business Wales COVID-19 Support for Business. The extension of Level 4 Restrictions COVID-19 support for Business page to be negotiated on a first come first basis! Been adversely affected by COVID-19 provides tailored support to start–up, micro and small medium! For all Welsh businesses Receive funding Boost from Coastal Communities Fund prior to applying from others for everyone in event. Phase 2 are now open for 2 weeks or until funds are fully.! Essential for the site to work you have been made available following the extension of Level Restrictions... Will help small businesses with changes to trade rules with the EU, local authorities ( ). 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