Update 11/01/22

Businesses in Wales impacted by the rapid spread of the Omicron virus will be eligible for emergency financial support under a new Welsh Government support package.

Unfortunately, the NDR Emergency Fund and Emergency Business Fund are now closed to new applications.

On 22nd December 2021 Welsh Government announced that a funding package totalling £120m will be available to support businesses affected by the latest restrictions.  If your business operates in the hospitality, retail, tourism and leisure sectors or is a supply chain business supplying these sectors, you may be eligible for a grant. 

If your business is rated for business rates (NDR), the following grants will be available:

  • £2,000 grant for businesses with a rateable value under £12,000 and who receive Small Business Rate Relief
  • £4,000 grant for businesses with a rateable value between £12,001 and £51,000
  • £6,000 grant for businesses with a rateable value between £51,001 and £500,000

Businesses are advised to check eligibility before registering for the grant by reviewing the scheme guidance:

If you meet the criteria for the grant, businesses are required to register by completing a short online form. 

The scheme will remain open to applications until 5pm Monday 14th February 2022.  Registration forms received after this date will not be accepted.

For businesses that are not registered for Business Rates, an Emergency Business Fund is available.  This will offer grants of either £1,000 to businesses that do not employ anyone apart from the owner or £2,000 to employing businesses.  Applications opened for this grant at 9.00am on Thursday 20th January 2022.   

Businesses are advised to check eligibility before registering for the grant by reviewing the scheme guidance:

Emergency Business Fund – Guidance

If you meet the criteria for the grant, businesses are required to complete an online application form for the Emergency Business Fund.

Depending on the size of the business, additional top up funding from a new Economic Resilience Fund (ERF) may also be available.  Grants of between £2,500 to £25,000 are available through Business Wales, with applications now open at: https://fundchecker.businesswales.gov.wales/businesssupport

An eligibility checker to help businesses identify grants they may be eligible for is also available on the Business Wales website using this link https://fundchecker.businesswales.gov.wales/businesssupport

UK & Welsh Government Support for Businesses

UK Government has launched a ‘support finder’ tool which will help businesses and self-employed people across the UK to determine what financial support is available to them during the COVID-19 pandemic.

The tool asks business owners to complete a simple online questionnaire, which will direct them to a list of the financial support they may be eligible for.

The new business support finder tool can be found at https://www.gov.uk/business-coronavirus-support-finder.

Information regarding the range of support available from Welsh Government is available on the Business Wales Coronavirus advice page. This can be accessed here: Business Wales

Other Support Available:

Support from Local Business Networks

Monmouthshire County Council works closely with the county’s local business representatives all of whom would be happy to help with any individual business queries you may have.  Below are a list of contacts and the areas that they represent:

HMRC Tax Help-line

If as an employer you are having difficulties with your business tax, please visit the link below for guidance issued by UK Government.

HMRC Employer Tax Advice