Coronavirus: Extended Restrictions Business Fund discretionary grant
The Extended Restrictions Business Fund, provided by Welsh Government, is for businesses and sole traders who have been forced to close or were directly impacted by the extended restrictions put in place on 29 January 2021 to control the spread of Covid 19.
This fund is in addition to the discretionary grant that businesses may have received for the December 2020 and January 2021 period. The purpose of the grant is to provide businesses with cash flow support and to help them survive the economic effects of the extended restrictions.
What is available?
A discretionary grant of £2,000 is available for eligible businesses.
Eligibility for the grant
Your business may be eligible for this grant if it:
- was forced to close as a result of the national restrictions that were introduced during December 2020 and extended on 29 January 2021 or experienced a drop in turnover of more than 40% as a direct result of the extended restrictions
- was trading before 1 October 2020
- operates in Wales
- has one or more of the following;
- HMRC Unique Taxpayer Reference (UTR) Number
- VAT Registration Number or a VAT exemption certificate
- Company Registration Number
- Hackney carriage license number or private minicab licence number
- is a limited company with a turnover of between £10,000 and £50,000 or a sole trader/partnership with a turnover of less than £85,000
- is your main source of income (more than 50%)
- aims to maintain employment for 12 months
- was actively trading up to the 4 December when the restrictions were introduced in Wales
- estimates that the extended restrictions will result in at least a 40% reduction in turnover compared to an equivalent restriction free trading period before 23 March 2020.
Businesses not eligible for this grant
Your business is not eligible for this grant if:
- it is eligible for, or has received, the Restrictions Business Fund NDR Grant
- It is currently closed because it has received a closure notice
- it generates less than 50% of your income
- you are eligible for a ‘top-up’ payment via the extended Freelancer Fund
- You have been awarded a Welsh Government Children and Communities grant to cover operating losses between September 2020 and March 2021
- the total amount of Covid 19 support grants you have received (including any further award through this discretionary fund) is more than 80% of your turnover for a typical year of trading
- it closed by choice, but was not required to by the restrictions
- it is in liquidation or dissolved or in process of being struck off
Self-catering accommodation properties are not eligible for this grant unless they:
- can produce two years of trading accounts directly preceding the current financial year of the business
- have been let for a period of 140 days or more in the financial year 2019-20
- are the primary source of income for the owner (minimum threshold is 50%).
We can request to examine trading business accounts, booking lists and self-assessment tax returns submitted to HMRC for the financial year ending 31 March 2019 for applications from self-catering properties.
Check if you are eligible and how to apply
Businesses can only apply for one discretionary fund grant under this extended scheme, which covers the period of February and March 2021. Multiple applications from the same business are not allowed.
You can check whether or not you are eligible for the discretionary grant by answering the following questions and if you are eligible, you'll be able to apply online.
What happens after applying
We will send an email to confirm that we have received your application.
Applications will be dealt with on a first come first served basis. This may lead to some applications being unsuccessful if there are no funds left.
We will make a decision on whether or not your application is successful based on the information you provide as well as checks from other business sources. If the information or evidence provided is incorrect, incomplete or insufficient, the application will be rejected.
We aim to make a decision on applications within 30 working days.
Please make sure that you regularly check your email account's inbox, spam and junk folders for an email from us, as well as your bank account for a payment.
If your application is successful, we will pay the grant in full to the bank account details you provide.
We will email you to let you know if your application is unsuccessful and provide the reasons for this decision. There is no appeal process.
A Restrictions Business Fund Grant may need to be repaid in part or full, if we receive evidence that it should not have been granted.