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£120m financial support for businesses launched

Retail, hospitality, leisure and tourism businesses in Bridgend County Borough can now register for Welsh Government funding to ease the impact of the Omicron variant.

Businesses in Bridgend County Borough who pay non-domestic rates will be entitled to a payment of £2,000, £4,000 or £6,000 depending on their rateable value and will need to re-register their details with the council in order to receive the payment.

Registration is available on the local authority’s website and is intended to cover the impact on  business  from 13 December 2021 to 14 February 2022.

Announcing the fund last month, Economy Minister Vaughan Gething, said: “We fully understand the continued challenges faced by businesses however we are facing a very serious situation in Wales. A wave of infections caused by the new, fast-moving and very-infectious Omicron variant is headed our way, this means taking early action to try and control its spread – and limit the impact on Welsh businesses.

“Since the start of the pandemic, we’ve provided over £2.2bn of support to businesses throughout Wales to help them manage their way through difficult circumstances.

“We will continue to monitor the impact of the spread of Omicron on businesses in Wales and will consider whether additional funding is needed in the new year.”

A further fund will also be made available for businesses and sole traders who do not pay rates to the local authority. The fund will provide £1,000 to eligible sole traders and freelancers and £2,000 to eligible employing businesses in the impacted sectors.

This £120m of funding from Welsh Government is a welcome relief for businesses across the county borough who continue to be affected by the ongoing Covid-19 pandemic.

This fund will go some way towards strengthening resilience among businesses, expanding opportunities and safeguarding jobs.

Council Leader Huw David

More information on these grants and other funding, including frequently asked questions and support guidance can also be found on the Business Wales website along with an eligibility checker.

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