Updated: Fri 12th Mar Further £150m support via rates system for businesses that remain closed A further £150 million has been made available to support Welsh businesses in dealing with the continued impact of the coronavirus pandemic. The additional support is targeted at businesses in the hospitality, tourism, leisure and non-essential retail sectors that pay non-domestic rates and will operate as a top up to the Restrictions Business Fund. This will see an eligible business with a rateable value of £12,000 or less receive an extra £4,000 grant payment. Firms with a rateable value of between £12,001 and £500,000 will receive £5,000. The funding, which will help businesses with their costs up to 31 March, will be available to firms regardless of the number of employees and ensures micro businesses benefit from the support. Local councils will again be administering and distributing these payments.