Financial Support

Restrictions Business Fund

The Welsh Government has opened the Restrictions Business Fund to support businesses and sole traders that have been directly impacted by the extended restrictions announced by the First Minister on 29th January 2021 and needed to control the spread of Covid-19. The purpose of the grant is to provide businesses with cash flow support and to help them survive the economic consequences of the extended restrictions.

The fund consists of the following two schemes.

1. Restrictions Business Fund Non Domestic Rate Grant
2. Business Restrictions Discretionary Grant

Details and Guidance for each scheme is listed below.

1. Restrictions Business Fund Non Domestic Rate Grant

Restrictions Business Fund Top up:

Businesses Eligible for the Extended Restrictions Business Fund will receive the following top up:

  • NERHLT 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. Supply chain businesses qualifying for SBRR will also be eligible for this support if they have greater than 40% reduction in turnover during the restriction period.
  • NERHLT businesses with a rateable value of between £12,001 and £51,000 will also be eligible for a £5,000 payment if impacted by the restrictions. Supply chain businesses in the same rateable value bracket will also be eligible for this support if they have greater than 40% reduction in turnover during the restriction period.
  • NERHLT businesses with a rateable value of between £51,001 up to £150k who registered and received the ERF Restriction Fund Grant in December/January via their Local Authority will begin receiving payments into their bank account during February. These businesses will not be required to re-register their details
  • NERHLT businesses with a rateable value of between £150,001 and £500,000 will now be able to register for a one-off £5,000 payment if impacted by the restrictions. Supply chain businesses in the same rateable value bracket will also be eligible for this support if they have greater than 40% reduction in turnover during the restriction period.
     
  • If you are eligible for the payments and haven’t received the grant to date please register via your local authority's website.
  • This extension will also provide support to retail, leisure and tourism business properties with rateable values of between £150k and £500k p.a. This will enable support to be provided to a cohort of medium sized firms that to date have not received support via the Restrictions Business Fund schemes. These businesses will be required to register their details, as well as making a short on-line application to their respective local authority.
  • To support businesses who are not registered on the NDR register and with a turnover below £50k, a further £30m phase of the Local Discretionary Fund has also been approved and will provide a £2,000 grant. Businesses will need to submit an application to the fund.
    Following this grant extension, the total amount of financial support for eligible businesses through the Welsh Government’s Restrictions Business Fund alone for the period 4 December – end of March is as follows:
  • NERHLT businesses in receipt of Small Business Rate Relief (SBRR) and with a rateable value of £12,000 or less will be eligible for a £6,000 payment. Supply chain businesses qualifying for SBRR will also be eligible for this support if they have greater than 40% reduction in turnover during the restriction period.
  • NERHLT businesses with a rateable value of between £12,001 and £51,000 will also be eligible for a £10,000 payment if impacted by the restrictions. Supply chain businesses in the same rateable value bracket will also be eligible for this support if they have greater than 40% reduction in turnover during the restriction period.
  • NERHLT businesses with a rateable value of between £51,001 and £150,000 will also be eligible for a £10,000 payment if impacted by the restrictions. Supply chain businesses in the same rateable value bracket will also be eligible for this support if they have greater than 40% reduction in turnover during the restriction period.
  • NERHLT businesses with rateable values of between £150,001 and £500k who were not able to apply for funding in December will be entitled to a £5,000 payment. These businesses will need to register their details through their local authority website.

For further information please read https://businesswales.gov.wales/coronavirus-advice/erf-restrictions-business-fund

Apply Now – Restrictions Business Fund NDR Grant


2. Business Restrictions Discretionary Grant

A discretionary grant of £2,000 is available to assist all businesses required to close or have been significantly impacted by the restrictions businesses: -

  • The grant will also support businesses that estimate that the extended restrictions put in place will result in at least a 40% reduction in their turnover as compared to an equivalent restriction free trading period prior to 23rd March 2020. Those applicants that started trading after 23rd March 2020 will need to declare (and may be asked to demonstrate) a 40% reduction in turnover for an equivalent trading period since they commenced in business.

Businesses need to confirm how the extended restrictions announced on 29th January by the First Minister will negatively affect their business.

You are not eligible for this grant if:

  • You are eligible for, or have received, the Restrictions Business Fund NDR Grant from your Local Authority
  • The business generates less than 50% of your income. The business must be your main source of income.
  • You are eligible for a ‘top-up’ payment via the extended Freelancer Fund.

Please ensure that you read the Guidance Notes in full to check if you are eligible for funding via the Discretionary Grant before submitting an application Restrictions Business Fund Discretionary Grant - Guidance Notes.

If eligible, you will be able to access the online application form below, please ensure that all the requested fields are completed before submitting your application. Please note that all fields are mandatory – failure to complete them will result in your application being rejected.

Applications will be dealt with on a first come first served basis. This may lead to applications not being appraised after they have been submitted if the fund is fully committed. Applicants will be notified of this by email.

APPLICATIONS WILL REOPEN AT 5PM ON 24TH FEBRUARY

Apply Now – Business Restrictions Discretionary Grant