The Welsh Government has introduced two non-repayable grants that are linked to the business rates payable properties. These grants will be administered by the Isle of Anglesey County Council for businesses on the Island and we will process them as soon as possible.
Both grants will apply to businesses that were on the rating list on 20 March, 2020.
A grant of £25,000 for retail, leisure and hospitality businesses occupying properties with a rateable value of between £12,001 and £51,000. The Council estimates that there is 240 eligible properties on the Island, entailing a grant payment of £6m.
Properties eligible for this relief are being wholly or mainly used;
- Shops, restaurants, cafes, drinking establishments, cinemas and live music venues;
- For assembly and leisure;
- Hotels, guest and boarding premises and self-catering accommodation.
All properties fulfilling the eligibility criteria will be able to access the grant funding.
A grant of £10,000 will be paid to all businesses eligible for the small business rates relief on the Island with a rateable value of £12,000 or less. It is estimated that there are up to 2,300 eligible properties on the Island entailing a grant payment of £23m.
The same ratepayer will only receive a grant for a maximum of two properties.
How will the grants be paid?
It will be paid to the eligible recipient business, preferably via direct transfer to the businesses bank account.
For most businesses we either do not hold the relevant bank details or the information we have is not up to date to enable us to make the payment. We therefore need to collect additional information from businesses to enable us to process and pay the grant. We will also have to ensure that we are paying to the correct business.
For further advice please contact the Economic Development Team:
Phone: 01248 750057 (Option 1)
To ensure that we have up to date information as regards your business please complete the form below.