ERF Restrictions Business Fund Non Domestic Rate Grant
The Welsh Government has launched the Restrictions Business Fund to support businesses that have been directly impacted by the additional restrictions put in place on the 4th December 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 restrictions introduced. The grant seeks to complement other Covid-19 response measures to support businesses, social enterprises and charitable organisations in Wales.
The fund consists of two separate grants, namely the Restrictions Business Fund Non Domestic Rate Grant (NDR) and Restrictions Business Fund Discretionary Grant. Businesses cannot apply for the NDR grant and the Discretionary Grant.
Restrictions Business Fund Non Domestic Rate Grant
Grant A: A £3,000 cash grant payment for hospitality businesses with Small Business Rate Relief (SBRR) qualifying hereditaments with rateable value £12,000 or less.
Grant B: A £5,000 cash grant payment for hospitality businesses occupying hereditaments with a rateable value between £12,001 and £51,000.
Grant C: A £5,000 cash grant payment for hospitality businesses occupying hereditaments with a rateable value between £51,001 and £150,000.
These grants will be available to hospitality, tourism and leisure businesses and their supply chain and retail businesses with qualifying SBRR properties that can evidence (on a self-declared basis) greater than 40% reduction in turnover as a result of the new restrictions.
There will be a phased application process for the Restrictions Business Fund Non Domestic Rate grant as follows: Hospitality businesses will be able to apply from the 21st December 2020. All other eligible businesses (as per grant guidance document) will be able to apply from the 4th January 2021.