Bounce Back Loan Scheme, Insurance Cover and Welsh Government Support to Businesses

Bounce Back Loans The new ‘Bounce Back Loan‘ is a UK fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, for Small businesses (including sole traders); which should help to bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic. Businesses will be able to borrow … Read more

Contractual Commitments and Covid-19

IOL, BAPA and AHOEC have met with NCS Trust (NCST) in recent weeks regarding the future provision of the NCS scheme, in particular for the Autumn of 2020 and the Summer of 2021. As a result, they have issued the following advice relating to contractual commitments during the Covid-19 crisis, which may be relevant to … Read more

Welsh Government acknowledges gaps in Covid-19 funding support for small businesses

At recent regional Tourism Forums attended by WATO representatives, Visit Wales acknowledged on behalf of the Welsh Government that they are aware of those who are falling between the gaps i.e. sole traders, those below VAT threshold, newly incorporated businesses, micro business who don’t pay PAYE, those with no business rates and freelance instructors. They … Read more

Survey of Covid-19 Impact on the Outdoor Sector

More impact surveys, this time specifically aimed at the UK-wide Outdoor Sector and therefore relevant for all SWOAPG Members to complete. From the Institute for Outdoor Learning (IOL): “After a period of significant and necessary change, now is the time for taking stock of the impact of the current situation on Organisations and Professionals involved … Read more

‘Pathways to Recovery’ Parliamentary inquiry – opportunity for Adventure Tourism business inputs by 1 May

The Westminster All-Party Parliamentary Group for Hospitality and Tourism is launching ‘Pathways to Recovery,’ an urgent inquiry into the measures that businesses in these two vital sectors of the UK’s economy will need in order to successfully reopen, recover and thrive in the aftermath of the COVID19 crisis. The key focus of this inquiry will … Read more

WATO Representatives to raise concerns about financial support at Tourism Forum Meetings

Despite Welsh Government having recently opened its new Economic Resilience Fund to support micro-businesses through the Covid-19 crisis, it seems that one-man-band Limited Companies will still fall through the gap between this fund and the Self-Employed Income Support Scheme. Representatives from WATO will be raising their concerns about this gap – and more generally about … Read more

Welsh Government Economic Resilience Fund application process now open

Get your applications in quickly for the newly-opened Welsh Economic Resilience Funds: Welsh Economic Resilience Fund – Microbusinesses (1-9 Employees). Welsh Economic Resilience Fund – SMEs and Large Businesses (10-249 Employees). Refer to the Guidance notes for further information. We recommend that, before submitting an application, you visit the Welsh Economic Resilience Fund Checker to … Read more