Welsh Government has launched the Restrictions Business Fund

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ken skates welsh economy minister
Ken Skates Welsh economy minister

Welsh Government has launched the Restrictions Business Fund

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 Welsh and UK Government have continued to provide finical support for those who are self-employed including those within the taxi industry. The newest support from the Welsh Government (which opened on 16 December 2020) for the self-employed (including taxi drivers) can be found here or for drivers who live in Newport here.

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.

It is important you apply ASAP as grants are time limited: The grant is up £2000. It is likely many drivers will require applying for group 2 grant . Please Note you must apply to the Local Authority where you currently reside. If you live outside of Newport, please select the area where you live for more information.

ken skates welsh economy minister
Ken Skates Welsh economy minister

The fund consists of two separate grants and you can only apply for one of them only.

As an example for Newport you can select the correct grant below. 

Grant 1 – You could be eligible for this grant if you:

  • Operate within the hospitality, tourism, leisure sectors, or their supply chain
  • Are liable for Business Rates on a property in Newport (up to a rateable value of £150,000).

Read more. 

OR 

Grant 2 – You could be eligible for this grant if you:

  • Operate within the hospitality, tourism, leisure sectors, or their supply chain
  • Are NOT liable for Business Rates for a property in Newport

Read more. 

These application forms are for Newport businesses only. If you are from outside the Newport City Council area, please check application details with your relevant local authority website.