The Welsh Government is making a further package of business support available through the Economic Resilience Fund (ERF). The ERF will provide support in the form of cash grants for businesses, social enterprises and charities and associated supply chain businesses that have experienced / will continue to experience a material negative impact as a result of ongoing COVID-19 restrictions.
The grants will help meet operating costs (excluding staff wages) for the period 1st of July 2021 to 31st August 2021 directly impacted by the restrictions in place from the beginning of the period.
Specifically, the ERF will support businesses that are either:
a) Forced to remain closed or unable to trade by on-going restrictions between 1st July 2021 and 31st August 2021
b) Dedicated event Space and attractions severely impacted by ongoing social distancing regulations
c) Other businesses with >60% impact on Turnover as a direct result of ongoing restrictions since 1st of May and were unable to open indoors before the 17th May 2021
d) A supply chain business that generates 60% or more of its sales revenue from businesses falling into categories a), b) and/or c)
AND (in addition this applies to all the above):
Have experienced a severe impact through reduced turnover of 60% or more in July and August 2021 as compared to July and August 2019 caused directly by on-going COVID-19 restrictions.
You are NOT eligible for this grant if:
- The business generates less than 50% of your income if you are a sole trader or partnership. The business must be your main source of income.
- Your turnover has not reduced by at least 60% compared to the July / August period in 2019 or an equivalent trading period if you started after that date
- You have received support from the Cultural Recovery Fund - Freelancer Support (launched on 17 May 2021).
- You have received funding for costs for the same time period from funds such as the “Be Active Wales Fund” or the “Communities Resilience Fund”.
How Do I Apply?
Please note: this grant is now Closed
The grant was open to applications from 12 midday on the 26th July to 5pm on the 9th August.
Further information on the support available to businesses can be found on our website. Also, if you are not currently receiving our e-newsletter (which provides regular updates on the support available for businesses) but would like to, please sign up here to be added to our database.