Economic Resilience Fund:

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 grants for businesses, social enterprises and charities and associated supply chain businesses that continue to experience a material negative impact as a direct result of ongoing COVID-19 restrictions. The grants will help meet operating costs (excluding staff wages) for the period 1st of May 2021 to 30th of June 2021 for businesses directly impacted by the restrictions in place from the beginning of the period. 

The Fund is administered in two parts

  1. Support for businesses with a turnover greater that £85,000 will be provided directly by the Welsh Government. More details on applying can be found at the Business Wales  Eligibility Checker. https://fundchecker.businesswales.gov.wales/businesssupport.

            Please note applications close 5pm 7th June 2021 

  1. Support for businesses with a turnover of less than £85,000 is to be administered by Local Authorities. The grant is due to open to applications from week commencing 31st May 2021 and will close at 5pm on 30th June 2021. Please note applicants must apply via the Business Wales Eligibility Checker. Guidance and  further information can be found at https://fundchecker.businesswales.gov.wales/businesssupport

 

Posted on: Wednesday 26th May 2021