Business Support & Funding Clinic | National Minimum Wage and National Living Wage rates
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Business News from Caerphilly County Borough Council
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Business Support & Funding Clinic – Wednesday 17th April and Thursday 18th April 2024– Face-to-Face and Online sessions available
Support
At these sessions, you can find out more about local support available for your business. Working together, we can provide funding to start or expand a business, supporting you with funding in order to purchase new equipment etc.
We will be hosting the face-to-face sessions on Wednesday 17th April at Risca Library.
Unit B, Risca Palace, 75 Tredegar Street, Risca. NP11 6BW.
Online sessions will take place on Thursday 18th of April. Sessions on both days will be held between 9:30am and 4:30pm.
Whether you’re a start-up or existing business, come and talk to us about your business and future plans.
Please email business@caerphilly.gov.uk to book a 20-minute slot. Please ensure that you specify if you would like to meet remotely online or face to face.
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National Minimum Wage and National Living Wage rates
NMW
The hourly rate for the minimum wage depends on your age and whether you’re an apprentice.
You must be at least:
* school leaving age to get the National Minimum Wage
* aged 23 to get the National Living Wage - the minimum wage will still apply for workers aged 22 and under
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Industrial Energy Transformation Fund (IETF) Phase 3: Spring 2024 - How to apply
Energy
Phase 3 of the IETF provides grant funding for feasibility and engineering studies, and for the deployment of industrial energy efficiency and deep decarbonisation projects.
Welsh Government’s Collaborative Research Innovation Support Programme (CRISP) provides a wide range of flexible free support to Welsh Innovators including access to national innovation experts for support, advice and guidance, awareness of innovation funding, regular webinars for calls and competitions, support for collaborations and application development.
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Retail, Leisure and Hospitality Rate Relief 2024/25
Business Rates
The Welsh Government has issued details of a new temporary business rate relief scheme under which retail, leisure and hospitality properties will benefit from April 2024. The 2024/25 scheme offers a discount of 40% on non-domestic rate bills for eligible occupied properties but the relief is subject to a £110,000 cap on the amount each business can claim across properties occupied by the same business in Wales.
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*All eligible businesses will have to complete an online declaration form which is now available on the Council’s website [
]. As our annual bill production process is already underway, the 2024/25 annual bills will be issued before this rate relief can be granted. However, the Business Rate Team will aim to process declaration forms submitted via our website as soon as possible so businesses receive amended bills as a matter of urgency.
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Up to 2,500 businesses to benefit from Welsh Government future proofing fund
future proofing fund
Grants of between £5,000 and £10,000 will be available to eligible businesses in the retail, hospitality, and leisure sectors.
The £20 million Future Proofing Fund will help businesses strengthen their future trading position by increasing profitability through investment in renewable energy technology, improvements to the fabric of their premises, and upgrades to systems or machinery to reduce energy use.
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