Navigate Up
Sign In
Loading

My Neighbourhood

Use your postcode to find local councillors, facilities, school catchment areas and more.

Find facilities in my area
new cardiff > ENG > Business > Support and Finance for Business > COVID-19 Support for Business

COVID-19 Support for Business

For further support and business advice please contact Business Wales on: 03000 6 03000 

£1.4bn business support package to help businesses across Wales

This support matches the measures in England providing a much needed boost for small businesses struggling to cope with the impact of the Coronavirus crisis.

Business Rate Relief 


All retail, leisure and hospitality businesses with a rateable value of £500,000 or less will receive 100% non-domestic rates relief for 2020-21. This will be administered automatically through the Council’s Rate Scheme and will apply automatically.

In addition to the business rate relief scheme, the Welsh Government has announced that an additional £850m will be made available through a new grant scheme for businesses. This will mean that all businesses, which are currently eligible for Small Business Rates relief, that is those with a rateable value up to £12,000, will receive a grant of £10,000. If you believe you are an eligible business complete the application form and follow the processes outlined.

Retail, leisure and hospitality businesses with a rateable value between £12,001 and £51,000 will receive a grant of £25,000.


If you believe you are an eligible business complete the application form​ and follow the processes outlined.

Business Interruption Loan Scheme


The scheme will support loans of up to £1.2 million in value. This new guarantee will initially support up to £1 billion of lending on top of current support offered through the British Business Bank.

This will be available to businesses in Wales via the banks.

For further information on the scheme, businesses should monitor the British Business Bank’s website.

Development Bank of Wales

The Welsh Government and the Development Bank of Wales have announced the £100m Covid-19 Wales Business Loan Scheme​​​​​​External link opens in a new window to support businesses affected by the Covid-19 outbreak.

The Scheme will be available from the Development Bank of Wales for a limited period. It is intended to provide support to businesses who are experiencing cash flow difficulties as a result of the pandemic.

The loan scheme will work alongside the UK wide Coronavirus Business Interruption Loan Scheme​​​​​​​​​External link opens in a new window ​​, other Welsh Government and UK Government support offers, providing more vital options for Welsh businesses.

Development Bank of Wales will be offering all its business customers a three-month capital repayment holiday to help them manage the financial fallout from the virus.

For further information please visit the Development Bank of Wales website or call 0800 587 4140..

Bank of England Agency for Wales Covid-19 and Support for Business

On Tuesday 17 March the Bank and HMT announced a Covid Corporate Financing Facility (CCFF)​​​​​​External link opens in a new window to provide additional help to firms to bridge through Covid 19-related disruption to their cash flows. View the exchange of letters between the Governor and the Chancellor​​​​​​External link opens in a new window ​ ​(which sets out who is responsible for what).

On 11 March the Bank also announced a large package of measures to help keep firms in business and people in jobs and to help prevent a temporary disruption from causing longer-lasting economic harm. The package​​​​​External link opens in a new window was coordinated across the Bank’s areas of responsibility and announced on the same day as the Government’s budget​​​​​​​External link opens in a new window ​​.  
​​​​​
​​​​​​

For further support and business advice please contact Business Wales on: 03000 6 03000



Cymraeg