1st April 2020

£20M of Support for Cardiff Businesses Distributed In Four Days

Support worth £20m has been distributed to Cardiff businesses in grant aid in the past four days as part of a council Covid-19 rescue package.

Some 1,300 companies applied for the aid, which is being administered by the council in Cardiff on behalf of Welsh Government.

It follows Welsh Government’s announcement last week of a £1.4bn support package for businesses in Wales to help them survive during the outbreak.

Cardiff Council is urging any business that qualifies for the grants announced last week to get in touch quickly as possible.

All businesses which are currently eligible for Small Business Rates Relief, which is those with a rateable value up to £12,000, are eligible for a grant of £10,000.

Retail, leisure and hospitality businesses with a rateable value between £12,001 and £50,000 will receive a grant of £25,000.

The financial support offered by these grants is in addition to the non-domestic rates relief scheme announced for 2020-21