Here's how we're continuing to support our clubs through the Covid-19 pandemic...
BUSINESS CONTINUITY PLANNING
We recognise that the current COVID-19 pandemic has impacted a number of club's current and future plans.
As a result, we have made a Business Continuity Plan template available to identify your club’s activity and financial risks and encourage you to establish an action plan for what you can do now and what you can do in the future to help mitigate some of the risks you have identified.
Access to the business continuity plan template is available here below as well as a video guide to support you through the process of completing the document.
SPORT WALES EMERGENCY RELIEF FUND
31 football clubs have been successful in receiving financial support from the Emergency Relief fund to help cover fixed essential costs during this period.
The fund continues to be open for applications from clubs who have fixed essential costs such as utilities and ground rent or have been impacted by the storms earlier this year. For more information on eligibility criteria and how to apply, click here.
Sport Wales are planning a 2nd phase of financial support for clubs that will be available in the coming weeks specifically looking at what costs will need to be supported in helping clubs return to activity. More information will be released in due course.
WELSH GOVERNMENT FUND
Whilst the Economic Resilience Fund has been paused, to give Welsh Government the opportunity to consider what further support businesses, charities and social enterprises need, it has not yet been suspended and it is hoped that it will relaunch in the near future.
The Economic Resilience Fund was made available to provide additional financial support to microbusiness and SMEs to manage cash flow pressures and in particular to address gaps not met by schemes already announced.
Micro businesses employing up to nine employees could be eligible for up to £10k support. Organisations in question:
• will need to have experienced in excess of a 40% reduction in turnover since 1 March 2020
• will need to be VAT registered
• will need to demonstrate that efforts have been made to sustain business activity
• cannot be pursuing other forms of Welsh Government non-repayable grant funding
• cannot be entitled to business rate relief grants
It is recommended that clubs continue to monitor the Business Wales website for further updates: businesswales.gov.wales/
SMALL CHARITY SUPPORT IN WALES
The Welsh Government has announced a £10,000 business support grant for small charities within the retail, leisure and hospitality sector. The new £26 million package will support an additional 2,600 properties with a rateable value of £12,000 or below. This will be particularly relevant for those clubs registered as Community Amateur Sports Clubs or Charitable organisations.
We are awaiting specific details on eligibility and how to apply for the Fund so, again please monitor the Business Wales website on this.
Business Wales has launched a new series of digital courses and webinars, aimed at Welsh SMEs affected by the COVID-19 outbreak.
The ‘Covid-19 and Your Business’ series covers key topics including:
- Cashflow and finance
- HR policies and procedures
The webinars take place daily.
During the webinars, all participants will have the opportunity to take part in a live Q&A by sending their questions to the presenters. For further information and to book your place at the webinars please visit the Business Wales Event Finder pages.
HMRC are continuing to run webinars on the following topics:
- Coronavirus COVID-19 Statutory Sick Pay Rebate Scheme
- Coronavirus Job Retention Scheme – How to make a claim
- Coronavirus (COVID-19) – Self-Employment Income Support Scheme (SEISS)
In addition, theCoronavirus Job Retention Scheme: step by step guide for employers has been updated.
For further information please visit the GOV.UK website.