The latest business advice from the Welsh Government

Update

Press release: Business grants award process – update
_{28 April,2020}

Confirmation of State Aid received under the Covid-19 Temporary Framework for UK Authorities measure and Undertaking in Difficulty Status.

The Euro equivalent of the Sterling aid amount is calculated using the Commission exchange rate applicable on the date the aid is offered. Any aid provided under this measure will be relevant if you wish to apply, or have applied, for any other aid granted based on the European Commission’s Temporary Framework. You will need to declare this amount to any other aid awarding body who requests information from you on how much aid you have received. You must retain this information for four years after the conclusion of the UK’s transition from the EU and produce it on any request from the UK public authorities or the European Commission.

Updated guidance on awarding business grants to self-catering accommodation

The Welsh Government has updated the guidance regarding the payment of business grants to self-catering accommodation
_{22 April. 2020}

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.

Apply

More information for Business Grant claimants

Around 2,500 businesses are expected to qualify and we are working hard to look at all the applications and make payment to eligible applicants as quickly as we can under difficult circumstances. We are currently aiming to make 100 grant payments per day.  If you have applied but have not yet received a payment or response please bear with us whilst we are dealing with the current applications backlog.

Q&A

Why have some businesses already been awarded grants and some not?

Grants for businesses who have been paying business rates recently are generally much simpler to process as we already have their full and verified details. For those who have not been paying business rates recently, where details have changed or are out-of-date, where not all information is clearly in place, or where there are multiple premises, there is a checking and verification process that needs to take place which we are working to do this as quickly as we can. We also need confirmation regarding the eligibility of certain types of premises before we can process applications for these.

Why are some businesses not eligible?

The criteria have been decided by the government. If your business was not actually on the business rating list by 20^th March 2020 we are currently not in a position to consider your application, but we will review this in the light of any updated government guidance. The £10,000 grant is for qualifying businesses with a Rateable Value (RV) of up to £12,000 and currently in receipt of the Small Business Rates Relief. The £25,000 grant is for businesses with an RV in the range £12,000-£51,000 but only applies to those which are ‘mainly or wholly in the retail/ leisure/ hospitality sectors’. If your RV is in this range but your business is in another sector you are unlikely to qualify for this particular grant. Some other exclusions and limits also apply.

How can we check the status of our application?

If within four weeks of the date of your application form submission, you have not received payment of a grant or have not received an explanation, response or query from us, please contact us by telephone on 01248 750057 Option 1, or by Email to DATECONDEV@ynysmon.gov.uk and provide the following information, and we will investigate and respond :-

• Date of application
• Business rates reference
• Rateable value
• Name of business
• Premises address

The Coronavirus Job Retention Scheme is now open for applications - Claim for 80% of your employee’s wages plus any employer National Insurance and pension contributions, if you have put them on furlough because of coronavirus (COVID-19).

Further information can be found here.

Development Bank of Wales, Economic Resilience Fund, Welsh Government Business Grants, Coronavirus Job Retention Scheme, Business Interruption Loan Scheme, protection for business who miss rent payments, Statutory Sick Pay Support.

Find out more

A list of  main Business Support Schemes available on Anglesey.

The fund will provide additional financial support during the coronavirus pandemic. It will help to address gaps not met by schemes already announced by the UK Government, Welsh Government and Development Bank of Wales.

More details

Retail, leisure and hospitality businesses who are occupying a property with a rateable value of £500,000, or less on 1 April 2020, will receive 100% business rate relief.

This will apply for the rate year 2020/21 only. 

We have a list of answers to some frequently asked questions in relation to business support during the COVID-19 outbreak.

This document has been produced by the Welsh Government.

Holiday accommodation businesses can open for any purpose specifically requested by the Welsh Ministers or Local Authorities.

These purposes could include providing accommodation for key workers, those who have been displaced or are homeless, or providing accommodation for health patients. 

See more...

You can now use the UK Government business support finder to see what  support is available for you and your business during the Coronavirus (COVID-19) pandemic. You may be eligible for:

• loans
• tax relief
• grants 

Find out more here.