The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000.
The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
Find out more about the Bounce Back Loan scheme on gov.uk
Welsh Government announced that Businesses can benefit from an emergency pot to provide extra support to the Welsh economy and businesses by providing
- grants of £10,000 for micro-businesses employing up to nine people. This includes sole traders employing staff
- 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
Visit the Business Wales Website for more information about the Economic Resilience Fund
Valued Added Tax (VAT) payments for all UK businesses will be deferred for 3 months. If you’re self-employed, Income Tax payments due in July 2020 under the Self-Assessment system will be deferred to January 2021. This is an automatic offer with no applications required.
For Income Tax Self-Assessment, payments due on the 31 July 2020 will be deferred until the 31 January 2021. This is an automatic offer with no applications required. No penalties or interest for late payment will be charged in the deferral period.
Visit the Business Support website to find out more about the VAT Deferral
Cadwyn Clwyd has funds available to support community enterprises, charities, formal community groups and public sector organisations to enable them to develop and trial new ways of providing support to frontline community support in the context of the of the current Covid-19 crisis.
Contact Cadwyn Clwyd
Businesses that have cover for both pandemics and government-ordered closure should be covered, as the government and insurance industry confirmed on 17 March 2020 that advice to avoid pubs, theatres etc. is sufficient to make a claim.
Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy and contact their providers. Most businesses are unlikely to be covered, as standard business interruption insurance policies are dependent on damage to property and will exclude pandemics.
The Department for Work and Pensions is looking to support all those who are affected by corona virus by providing information and details regards claiming benefits
Citizens Advice Denbighshire are also able to assist you with making an initial claim or helping you update your existing one.
The Welsh Government has announced a package of support worth more than £1.4bn for small businesses to help them during the coronavirus outbreak, this funding includes Rate Relief.
The new package includes a year-long business rates holiday for retail, leisure and hospitality businesses in Wales
We will be looking to automatically award the business rates holiday to all eligible parties as soon as possible, and you will receive a new bill when the award has been made.
As this will be automatically awarded we’d appreciate your patience in not following-up by phone. We very much appreciate the major challenges being faced by businesses, and staff will make every effort to get details to you as soon as possible.
Find out more including guidance on eligibility on the Business Wale website
The Welsh Government has decided to make one adjustment to the Non-Domestic Rates (NDR) Relief for the hospitality, retail and leisure sector announced last week: to not extend the 100% relief to the small proportion of properties with a rateable value of £500,000 and above.
As you may be aware we have already prepared and posted the business rate bills for 2020/21, based on the previously announced levels of relief. If you are affected by these changes we will send you a new 2020/21 bill as soon as possible. Any payments already made in respect of the 2020/21 bills for qualifying cases will be refunded.
If you are not affected by these changes, your account is correct and you should make payment as shown on your bill.
If you have any questions please contact us by emailing email@example.com