{"id":20512,"date":"2020-03-19T17:49:08","date_gmt":"2020-03-19T17:49:08","guid":{"rendered":"http:\/\/wsa.wales\/?p=20512"},"modified":"2020-03-19T17:51:59","modified_gmt":"2020-03-19T17:51:59","slug":"support-for-sport-in-wales-during-coronavirus-pandemic","status":"publish","type":"post","link":"https:\/\/wsa.wales\/cy\/support-for-sport-in-wales-during-coronavirus-pandemic\/","title":{"rendered":"Support for Sport in Wales during Coronavirus Pandemic"},"content":{"rendered":"<p class=\"has-text-align-center wp-block-paragraph\">*<strong>We are working closely with Sport Wales to identify support and resources for sport, and will keep this document updated as further information becomes available <\/strong>*<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UK Chancellor has set out a package of temporary measures to support public services, individuals and businesses through the economic disruption caused by Covid-19.  We  are expecting another announcement from the Chancellor tomorrow (20.03.2020).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Welsh Government has also now announced some measures, but it is likely that more information will be published soon.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Business\nRate Relief&nbsp;<\/strong><strong><\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The Welsh Government has announced a package of support worth more than \u00a31.4bn for small businesses to help them during the coronavirus outbreak.<br> <br>Shops, leisure and hospitality businesses with a rateable value of \u00a351,000 or less will receive 100% business rates relief. This will be administered through your local authority.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2020\/21, retail, leisure\nand hospitality businesses in Wales (including gyms and sports clubs) will receive\na one year 100% business rate relief and a grant of \u00a325,000 for retail, leisure\nand hospitality businesses with a rateable value of between \u00a312,001 and\n\u00a351,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It also provides a \u00a310,000\ngrant to all businesses eligible for Small Business Rates Relief with a\nrateable value of \u00a312,000 or less.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses that qualify for\nthis support will not need to do anything to apply for this scheme. This will\nbe administered through the Business Rates system by Local Authorities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Welsh Government is exploring ways of supporting businesses who do not qualify for this scheme, details of this support will be added to the <a href=\"https:\/\/businesswales.gov.wales\/coronavirus-advice\" class=\"ek-link\">Business Wales<\/a> website once confirmed.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Business\nInterruption Loan Scheme<\/strong><strong><\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The UK government announced\na temporary Coronavirus Business Interruption Loan Scheme to be delivered by\nthe British Business Bank. It will&nbsp;<strong>launch in a matter of weeks<\/strong>&nbsp;to\nsupport businesses to access bank lending and overdrafts. The government will\nprovide lenders with a guarantee of 80% on each loan (subject to a per-lender\ncap on claims) to give lenders further confidence in continuing to provide\nfinance to SMEs.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The scheme will support\nloans of up to \u00a31.2 million in value. This new guarantee will initially support\nup to \u00a31 billion of lending on top of current support offered through the\nBritish Business Bank. <strong>This will be\navailable to businesses in Wales via your bank.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is intended to support\nthe continued provision of finance to Welsh businesses during the Covid-19\noutbreak. It will operate in much the same way as the current Enterprise\nFinance Guarantee but on more attractive terms for both businesses and lenders.<br>\n<br>\nThe Business Interruption Loan\nScheme is will take a few weeks to set up. For further information on the\nscheme in the meantime, businesses should monitor the&nbsp;<a href=\"https:\/\/www.british-business-bank.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">British Business Bank\u2019s<\/a>&nbsp;website.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Development Bank of Wales<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The Development Bank of\nWales has loan and equity funding available immediately to Welsh\nbusinesses.&nbsp;The Welsh Government is working closely with the Development\nBank of&nbsp;Wales to consider additional support to help businesses through\nthe Covid-19 impact.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To help limit and manage\nthe commercial impact of the disease they are offering a3-month\ncapital&nbsp;and monitoring fee&nbsp;repayment holiday&nbsp;for all customers\non request<strong>.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For further information\nplease visit the&nbsp;<a href=\"https:\/\/developmentbank.wales\/\" target=\"_blank\" rel=\"noreferrer noopener\">Development\nBank of Wales<\/a>&nbsp;website\nor call 0800 587 4140.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Social\nInvestment Cymru <\/strong><strong><\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This\nWCVA project is offering <a href=\"https:\/\/wcva.cymru\/emergency-fast-track-loans\/\">fast track emergency\nloans<\/a> to help voluntary organisations through the worst of the impacts,\nwhile those with existing loans are being given the option to defer payments\nfor a time.<strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Loans will be tailored to each applicant\u2019s\nindividual needs in terms of amount, term and repayment profile. They start\nwith a blank piece of paper \u2013 what do you need? What best suits you in terms of\nrepayments?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We recognise that speed of decision making\nand speed of availability of funds are paramount so that organisation can react\nquickly as events unfold. We are therefore reducing the applications process to\nits bare minimum this will mean that the majority of organisations will see\nmoney in their bank accounts within 7 days of submitting a completed application\nsubject to prompt signature of documentation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eligibility Criteria are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Incorporated social enterprise or charity based in Wales<\/li><li>Demonstrate effect on cash flow from flooding or Coronavirus<\/li><li>Need to replace assets damaged in flooding<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Money can be used for:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Support for cash flow<\/li><li>Purchase of replace assets<\/li><li>Bridging of receipt of insurance claims<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Existing loan holders<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you are an existing borrower you may not\nneed any additional money at this point but he effect on your cash flow might\nbe such that covering your monthly loan repayments could stretch things beyond\nwhere you may feel comfortable IN such case we will be happy to receive a\nrequest to suspend loan repayment for an agreed period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Get in touch<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019d like to\napply for an Emergency fast-track loan or amend your existing loan repayments,\nplease contact the SIC team on <a href=\"mailto:sic@wvca.cymru\">sic@wvca.cymru<\/a>\nor 0300 111 0124<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Community Amateur Sports\nClubs (CASCs) and Charities<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">We are seeking clarification on eligibility for CASCs and Charities and\nwill provide a further update when we know more.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>For those struggling with tax\nliabilities<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">HMRC&nbsp;has a set up a\nphone helpline to support businesses and self-employed people concerned about\nnot being able to pay their tax due to coronavirus (COVID-19).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you are experiencing\nproblems with your tax liabilities, you may be eligible for support through\nHMRC\u2019s Time to Pay Service. If you run a business or are self-employed and are\nconcerned about paying your tax due to coronavirus, you can call&nbsp;HMRC\u2019s dedicated\nCOVID-19 helpline for help and advice: 0800 0159 559.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Further information<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For further support and business advice please contact Business Wales on\n03000 6 03000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.gov.uk\/government\/publications\/guidance-to-employers-and-businesses-about-covid-19\">BEIS\nguidance to employers and businesses about covid-19<\/a> \u2013 Link to information and\nguidance from the UK Government on areas such as Statutory Sick Pay, Advice for\nemployees which have travelled to high risk areas and home working.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, please do not hesitate to contact the us at the WSA if you have any further questions in relation to COVID-19 or the government\u2019s response.<\/p>","protected":false},"excerpt":{"rendered":"<p>*We are working closely with Sport Wales to identify support and resources for sport, and will keep this document updated as further information becomes available * The UK Chancellor has 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