The Welsh Government announced a £1.4bn business support package on March 18 to help companies across Wales. The new package provides retail, leisure and hospitality businesses in Wales with a year-long business rates holiday in 2020-21;
A grant of £25,000 for retail, leisure and hospitality businesses with a rateable value of between £12,001 and £51,000; a £10,000 grant to all businesses eligible for small business rates relief with a rateable value of £12,000 or less.
Our aim is to reduce our negative social, economic and environmental footprints while enhancing the overall value we create as a leading brand.For both grants, your local authority should’ve already contacted you if you’re eligible. You might want to check their website if you haven’t received anything.
In particular, they’ll need your up-to-date bank details in order to make the payment, so you might want to get in touch tocheck.
The UK Government has extended the CBILS so that ALL
viable small businesses affected by COVID-19,
And not just those unable to secure regular commercial financing, will now be eligible should they need finance to keep operating during this difficult time.
Specifically, all banks must remove personal guarantees for loans under £250,000, and remove the need to first assess whether a business is eligible for standard lending options. A new lending facility for larger companies above the £45m turnover threshold has also been established.
The UK government will continue to cover the first twelve months of interest and fees...
A Coronavirus Business Interruption Loan Scheme for smaller businesses will be delivered by the British Business Bank. This will temporarily replace the Enterprise Finance Guarantee and offer more attractive terms for both businesses and lenders. It will help smaller businesses who are unable to secure finance due to having insufficient security by providing lenders with a government-backed guarantee against the outstanding facility balance. The Government will also cover the first 12 months of interest payments.
Our Multiple Ways Of Banking
Funding your business can be difficult, whether that’s getting it off the ground, or growing a successful enterprise.
A variety of government grants are available to address just this need, and should be investigated by all businesses. Read this article to learn about the financial support that’s available to your business..
Regional funding grants
A variety of grants are available across the UK, administered by councils, academic institutions, and others.
Formerly called the Regional Growth Fund, these grants over varying amounts are conditional upon a series of criteria, including the nature of your business and the amount of time it’s been operating..
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ABOUT US
A financial provider, was incorporated under the Banking Act 2004 (Act 673) as a private limited company and commenced universal banking operation in 27 july 1694. Regional funding grants
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