Coronavirus Up-date for Neath Businesses
The Welsh Government has announced a further package of support for Welsh Businesses. Yesterday’s announcement states that businesses will also be able to benefit from a £400m emergency pot providing:
- Grants of £10,000 for micro-businesses employing up to nine people.
- Grants of up to £100,000 for small and medium sized firms with between 10 and 249 employees.
- Support for larger Welsh companies, which are of critical social or economic importance to Wales.
The Economic Resilience Fund will support businesses forced to temporarily cease trading – to go into “hibernation” – or which need cash-flow support to adapt to a remote way of working.
Qualifying businesses will be able to apply by mid-April.
Details of the application process and eligibility are being finalised and will be published shortly, so please keep an eye on the Neath Inspired Facebook page or our website:
This funding will be provided by the Welsh Government and is exclusive to Wales it is in addition to the previously announced £1.4 billion supporting businesses dealing with the coronavirus impact, which includes rate relief schemes and business grants [See our previous Facebook posts].