This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak.
Find out more about the Future Fund
Welsh Government announced that Businesses can benefit from an emergency pot to provide extra support to the Welsh economy and businesses by providing
- grants of £10,000 for micro-businesses employing up to nine people. This includes sole traders employing staff
- grants of up to £100,000 for small and medium sized firms with between 10 and 249 employees
- support for larger Welsh companies, which are of critical social or economic importance to Wales
Visit the Business Wales Website for more information about the Economic Resilience Fund
Mae grant o £2,500 ar gael i helpu busnesau newydd eu sefydlu yr effeithiwyd arnynt gan yr argyfwng COVID-19.
I fod yn gymwys ar gyfer grant dechrau busnes, mae’n rhaid i fusnesau:
- fod heb dderbyn cyllid gan Gronfa Cadernid Economaidd Llywodraeth Cymru na’r grant ardrethi annomestig
- wedi eu sefydlu rhwng 1 Ebrill 2019 a’r 1 Mawrth 2020 a heb fod yn gymwys ar gyfer Cynllun Cymorth Incwm i’r Hunangyflogedig Llywodraeth y DU
- fod â llai na £50,000 o drosiant
- wedi gweld gostyngiad mewn trosiant o dros 50% rhwng Ebrill a Mehefin 2020.
I gael mynediad i'r grant, rhaid i chi ddefnyddio'r gwiriwr cymhwysedd yn gyntaf.
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 fees or interest to pay for the first 12 months.
Find out more about the Bounce Back Loan scheme on gov.uk
Cadwyn Clwyd has funds available to support community enterprises, charities, formal community groups and public sector organisations to enable them to develop and trial new ways of providing support to frontline community support in the context of the of the current Covid-19 crisis.
Contact Cadwyn Clwyd
Businesses that have cover for both pandemics and government-ordered closure should be covered, as the government and insurance industry confirmed on 17 March 2020 that advice to avoid pubs, theatres etc. is sufficient to make a claim.
Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy and contact their providers. Most businesses are unlikely to be covered, as standard business interruption insurance policies are dependent on damage to property and will exclude pandemics.
The Department for Work and Pensions is looking to support all those who are affected by corona virus by providing information and details regards claiming benefits
Citizens Advice Denbighshire are also able to assist you with making an initial claim or helping you update your existing one.