The Economic Resilience Fund (ERF) Phase 3 Business Development Grants applications are now open. This fund is intended to support businesses in Wales with development projects to assist with recovery from the effects of the Covid-19 pandemic and future sustainability.
We expect to support projects that improve the business operation from current circumstances. We particularly welcome development projects that will help sustain and create jobs for young people (25 and under), people with disabilities and people from BAME communities.
The business development grants will be open to businesses of all sizes.
If the project is creating new jobs for young people (under 25) you may be eligible for a higher level of award.
The grant fund will be open for applications on the 28 October 2020 and remain open until the 25 November 2020 or until funds are fully committed.
The funding is to cover the period from October 2020 to 31st March 2021.
The Welsh Government considers businesses and organisations eligible for this grant even if they have received funding from ERF Phase 1 or 2 or the Non Domestic Rates Grant.
For further information, to check your eligibility and apply please visit the Business Wales COVID-19 support eligibility checker.
Source: Business Wales
Posted on: Wednesday 28th October 2020