Business advice & support

To delay the spread of coronavirus, the government has instructed some businesses and venues including all pubs, bars and restaurants to close temporarily.

The following businesses and venues have been asked to close: 

  • Food and drink venues for consumption on-site, such as restaurants and cafes.

  • Drinking establishments, including pubs, bars, nightclubs.

  • Entertainment venues, including cinemas, theatres, concert halls, and bingo halls.

  • Museums and galleries.

  • Spas, wellness centres and massage parlours.

  • Casinos and betting shops.

  • All indoor leisure and sports facilities, including gyms.

This measure will not impact the relaxation of planning rules announced earlier this week which will allow pubs and restaurants to operate as hot food takeaways during the coronavirus outbreak, which will help to support people who are staying at home through this period.

 

Guidance & support for Business & employers in Wales

There will be a significant impact on employers of all sizes during the coronavirus pandemic but the Government is taking steps to mitigate this.

Government advice is provided here and will be updated as new advice is provided.

Find financial support for your business - Use this business support finder to see what support is available for you and your business.

 

Businesses in Wales could benefit from the following schemes:

  1. The Government is stepping in and helping pay people’s wages – a scheme which is one of the most generous of any in the world – paying grants to support as many jobs as necessary. Any employer in the country – large, small or charitable – who promises to retain their staff, can apply for a grant to cover most of the cost of paying people’s wages. Government grants will cover 80 per cent of the salary of retained workers up to a total of £2,500 a month. We will place no limit on these grants. The cost of wages will be backdated to 1st March and will be open initially for at least three months – and we will extend the scheme for longer if necessary. 

  2. Millions of self-employed people across the UK could benefit from the new Self-Employed Income Support Scheme, with those eligible receiving a cash grant worth 80% of their average monthly trading profit.

  3. Deferring the next three months of VAT tax, a direct injection of over £30billion of cash to employers, equivalent to 1.5 per cent of GDP. That means no business will pay any VAT from now until the end of June, and they will have until the end of the financial year to repay those bills

  4. The Coronavirus Business Interruption Loan Scheme will now be interest free for twelve months, an extension from the initial announcement of six months. We have already introduced and announced an extension to the Business Interruption Loan Scheme, which is for small and medium-sized businesses. On Tuesday, the Chancellor expanded the amount that can be borrowed from £1.2 million to £5 million, and we are now extending the time frame of no interest on these loans from six months to twelve months.

  5. The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won’t be any repayments, fees or interest to pay for the first 12 months.

  6. Suspending the minimum income floor for twelve months – meaning self-employed people can now access Universal Credit at a rate that is equivalent to Statutory Sick Pay for employees. For the self-employed, we are also deferring income tax self-assessment payments for July until the end of January 2021. We will announce further measures to supportself-employed people over the coming days.

  7. Support for SMEs who are paying sick pay to employees

  8. Support for businesses through the Coronavirus Business Interruption Loan Scheme via the British Business Bank

  9. The Development Bank of Wales is offering a three-month payment holiday for existing customers impacted by the virus which they can request here
  10. Support for businesses paying tax

Welsh Government support for businesses

Because some aspects of business support are devolved, the Welsh Government has set out a range of support measures, which includes business rate relief and cash grants administered through the business rates system.

 Support for business table image

Capital repayment holidays

The Welsh Government has announced the 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.

Rural Payments Wales (RPW)

Changes have been made to some RPW services in response to the UK Government and Public Health Wales (PHW) advice on coronavirus.

Updates will be available here. Customers will receive a broadcast message informing them that an update is available.

Business support helplines

HMRC tax helpline

HMRC has set up a helpline for businesses and self-employed people who are concerned about paying their tax due to COVID-19.

Call 0800 0159 559 for help and advice.

Business Wales helpline

Get help with your business online, or by calling the Business Wales Helpline.

Telephone: 0300 060 3000

Monday to Friday, 8:30am to 5:30pm

Call for businesses to help make NHS ventilators

The government is looking for businesses who can support in the supply of ventilators and ventilator components across the UK as part of our response to COVID-19.

If you think your business can help, please Register your details online.