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Welsh Government Assistance

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    Welsh Government Assistance

    Any fellow Welshies looked at this:

    Financial Support and Grants | Business Wales

    I'm sure they'll find a way to wiggle out of it, but the Economic Resilience Fund -> Support for Microbusinesses appears to be available to contractors who are out of contract as a result of the COVID-19 outbreak....I'm not sure how you would evidence this to be honest but the line "The grant is available to microbusinesses that are not eligible for the Business Rate Grant or the support for self-employed grant." is encouraging.

    #2
    Grant approved!

    Had my grant application approved!

    The grant is only available where the company has at least one employee who is not 'the company owner'.

    As the government has been clear - I am a shareholder, director and employee of a Ltd company and not a company owner (or I'd be a sole trader), the company also has more than one shareholder and more than one person of significant control.

    Comment


      #3


      Lend us £50

      Comment


        #4
        Originally posted by David71 View Post
        Had my grant application approved!

        The grant is only available where the company has at least one employee who is not 'the company owner'.

        As the government has been clear - I am a shareholder, director and employee of a Ltd company and not a company owner (or I'd be a sole trader), the company also has more than one shareholder and more than one person of significant control.
        If that's your interpretation of not being "the company owner" it sure as hell wouldn't be mine...

        Comment


          #5
          Originally posted by PerfectStorm View Post
          If that's your interpretation of not being "the company owner" it sure as hell wouldn't be mine...
          I'd say if you hold 100% of a limited company shares you could be seen as owning the company, but as only one shareholder, amongst others, I don't think I am. If I hold some shares in BT would that mean I own the company?

          Comment


            #6
            Originally posted by David71 View Post
            I'd say if you hold 100% of a limited company shares you could be seen as owning the company, but as only one shareholder, amongst others, I don't think I am. If I hold some shares in BT would that mean I own the company?
            It would mean you own part of the company, or you could say you own a share of the company.
            How many directors does your company have?
            I'm perfect, in a very specific and limited way.
            Hands... out infractions
            Face... the music
            Space... between the ears

            Comment


              #7
              The trouble with this "I don't own all the shares" stuff is that, so often, the other shareholders duties are based around hoovering the first director's carpets and cooking the first director's tea

              Not saying that's the case here, but if it is...

              Comment


                #8
                Originally posted by PerfectStorm View Post
                The trouble with this "I don't own all the shares" stuff is that, so often, the other shareholders duties are based around hoovering the first director's carpets and cooking the first director's tea

                Not saying that's the case here, but if it is...

                Exactly.
                If there's 1 director, 2 shareholders, but the sole director is the main shareholder and the other shareholder is their husband/wife, then while some might argue their position within the company, I'd hate to have to argue it with the authorities.
                I'm perfect, in a very specific and limited way.
                Hands... out infractions
                Face... the music
                Space... between the ears

                Comment

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