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Welsh hospitality businesses will be able to access a “specific fund” as part of the £340m support package for the country as it prepares to enter into further restrictions.
The measures have been announced after first minister Mark Drakeford, revealed that as of Friday 4 December pubs, bars, restaurants and cafes will have to close by 6pm and will not be allowed to serve alcohol.
Welsh officials have now confirmed the Restrictions Business Fund will enable eligible businesses in the hospitality, tourism and leisure sectors which pay non-domestic rates (NDR) to access grants of up to £5,000.
It is estimated by the government that around 60,000 businesses, with a rateable value of under £150,000 will receive this support.
Businesses not on the NDR system, will be able to continue to apply to local authorities for the Lockdown Discretionary Grant of up to £2,000.
In addition, hospitality, tourism and leisure businesses will be able to access a sector specific Economic Resilience Fund grant scheme.
More information about the funding and how it can be accessed will be published on the Business Wales website in the coming days.
Economy Minister Ken Skates said: “These are incredibly difficult days for businesses and these decisions have not been taken lightly.
“We expect today’s £340m announcement to support tens of thousands of businesses and help protect many more jobs and livelihoods. It must also be remembered that UK Government support is also available to businesses.”
