Anglesey businesses are being urged to apply for a business rate relief grant before the looming deadline.
The Coronavirus non-domestic rates (NDR) grant schemes will be closing to new applications at 5pm on Tuesday, 30 June 2020.
The Welsh Government has introduced two non-repayable grants that are linked to the business rates payable properties. Both grants will apply to businesses that were on the rating list on 20 March, 2020.
Anglesey Council is administrating both grants on behalf of the Welsh Government during the Coronavirus pandemic. It has paid out more than £17 million to 1,466 eligible businesses – having already received nearly 2,000 grant application.
However, with more than 2,500 properties on the Island eligible for grant support – it is clear that many have still not made a claim.
Anglesey Economic Development portfolio holder, Councillor Carwyn Jones, explained, “We realise that this is a really hard time for many local businesses, especially those that have had to close as a result of the coronavirus crisis. It’s therefore vital that those businesses that haven’t applied as yet do so before the June 30th cut-off date.”
Finance portfolio holder, Cllr Robin Williams, added, “Whilst appreciating that the process has sometimes been frustrating for those waiting for this important funding, I’m hugely grateful to our staff who have worked hard to ensure that more than 80% of business grant applications have been paid out to those eligible Anglesey businesses. There is still more work to be done, of course, and we will be doing our best to support local businesses during this difficult time.”
Please note: Those who still need to make an application must ensure that they include the correct business rates bill reference.
Our staff will be working hard behind the scenes to get these grants to you as quickly as possible. Please be patient.
Ends 3.6.20
Notes to Editors:
Both grants will apply to businesses that were on the business rating list on 20 March, 2020.
Grant 1
A grant of £25,000 for retail, leisure and hospitality businesses occupying properties with a rateable value of between £12,001 and £51,000. The Council estimates that there are 240 eligible properties on the Island.
Properties eligible for this relief are being wholly or mainly used:
- Shops, restaurants, cafes, drinking establishments, cinemas and live music venues
- For assembly and leisure
- Hotels, guest and boarding premises and self-catering accommodation
All properties fulfilling the eligibility criteria will be able to access the grant funding.
Grant 2
A grant of £10,000 will be paid to all businesses eligible for the small business rates relief on the Island with a rateable value of £12,000 or less. It is estimated that there are up to 2,300 eligible properties on the Island. This grant is not limited by business sector.
The same ratepayer will only receive a grant for a maximum of two properties.
How will the grants be paid?
It will be paid to the eligible recipient business, preferably via direct transfer to the businesses bank account.
Businesses who wish to apply for the grant should view this webpage and click APPLY if eligible https://www.anglesey.gov.uk/en/Business/Business-Finance-and-Grants/Welsh-Government-Business-Grants-COVID-19.aspx
Please ensure that you complete all sections fully and correctly, and include your valid business rates reference.
If you need assistance or advice on how to apply, or if you cannot find your business rates details, please send your query to the Economic Development Team by emailing DATECONDEV@ynysmon.llyw.cymru or telephone 01248 750057 on Option 1.
Businesses who are not in business rated premises may be able to qualify for other support.