The Economic Resilience Fund (ERF) is targeted at businesses in the hospitality, leisure and attraction sectors and their supply chains who have been materially impacted by a greater than 60% reduction of turnover between 13 December 2021 and 14 February 2022.
The funds seeks to compliment other COVID-19 response measures to support businesses, social enterprises and charitable organisations in Wales.
The ERF will support:
- Businesses impacted between 13 December 2021 and 14 February 2022 and closed by regulations from 26 December 2021.
- Event Space and attractions materially impacted between 13 December 2021 and 14 February 2022.
- Other businesses with greater than 60% impact on turnover between 13 December 2021 and 14 February 2022.
And (applies to all):
- Have experienced a material impact through reduced turnover of 60% or more between December 2021 and February 2022 as compared to December 2019 and February 2020.
You can use this tool to check your eligibility for this further package of support.
The Welsh Government ERF administered applications with a turnover of more than £85,000 will open in the week beginning 17 January 2022 and remain open for two full weeks.
To read the Guidance Notes and FAQs visit Economic Resilience Fund (ERF) December to February 2022 | Business Wales (gov.wales)
For further information visit https://businesswales.gov.wales/coronavirus-advice/
Source: Business Wales https://businesswales.gov.wales/news-events
Posted on: Wednesday 5th January 2022