Businesses affected by the coronavirus (COVID-19) pandemic will now be protected from eviction until the end of September 2021. The moratorium against forfeiture for the non-payment of rent will now be extended until 30th September 2021. It was originally due to end on 30th June 2021.
This measure will ensure businesses will not forfeit their business tenancies for non-payment of rent until 30th September 2021. Businesses however should continue to pay rent wherever possible. It is in the interests of both landlords and tenants to reach negotiated agreements on any arrears.
Businesses still affected by Covid restrictions will also receive up to £25,000 of additional support from the Welsh Government. The emergency package of support will cover operating costs for July and August 2021 for businesses required to remain closed and businesses that remain severely impacted by restrictions. Eligible businesses in the hospitality, leisure and tourism sectors and their supply chains, such as travel agents, can also apply for support.
Eligible businesses can receive an additional payment of between £1,000 and £25,000. Funding is dependent on the size, structure and circumstance, and covers the period up to the end of August 2021.
To qualify, businesses must show their turnover has reduced by over 60% compared to the corresponding timeline in 2019 or equivalent. All eligible businesses will need to apply for the funding.