1. ERF Restrictions Business Fund
- Additional sectors can now apply for December Restrictions support
On the 30 November, the First Minister announced a £340m package of support directed primarily at the hospitality, tourism, leisure and related supply chain sectors who were impacted by the restrictions put in place on the 4th December. This same fund has now been extended to businesses in other sectors who were either forced to close on 20th December, or have experienced more than a 40% reduction in turnover.
Please note: This is not a new fund so do not complete another application form if you have already submitted one. If you have submitted an application, you will be contacted with the outcome within 30 working days. Further information and application forms can be found here.
- The £180m ERF Sector Specific Support fund is open
The ERF Sector Specific Support fund is targeted at the Hospitality, Tourism and Leisure sectors (and associated supply chain businesses), whose turnover has been materially impacted by greater than 60%, as a result of the restrictions introduced from 4 December 2020 until the 22 January 2021. Administered by Business Wales, the eligibility checker can be accessed here.
2. Cultural Recovery Fund Grant
On 1 September, the Welsh Government announced the Cultural Recovery Fund — a £18.5 million fund to support the Welsh cultural sector’s recovery from the effects of the COVID-19 pandemic.
Heritage sites and attractions in Wales, heritage organisations operating or employing staff in Wales, and freelancers working in heritage will be able to bid for support from the fund.
Phase 3 of the Cultural Freelancer Grant is now CLOSED
3. Kickstart Scheme
If you are an employer looking to create new 6-month job placements for young people, check if you can apply for a grant as part of the Kickstart Scheme. Further information can be found here and here.
Applications must be for a minimum of 30 job placements. If you are unable to offer this many job placements, you can partner with other organisations to reach the minimum number. Find out more here.
4. Economic Resilience Fund grants
The Economic Resilience Fund (ERF) is a £500 million fund primarily aimed at supporting those businesses who would not qualify from previously announced support packages. Phases 1 and 2 of the ERF have now CLOSED.
Welsh Government made an additional £140 million available to businesses to help them deal with the economic challenges of coronavirus (COVID-19) and the UK’s impending exit from the EU.
The funding from the third phase of the Welsh Government’s Economic Resilience Fund (ERF) saw wider support being provided to secure jobs and help businesses develop, as well as additional help for firms affected by local lockdowns.
The Eligibility Checker for companies to find out if they can access funding from the third phase of the ERF went live during the week commencing 5 October but, due to high demand, it has been suspended while the applications received are being processed.
See more here.
5. Sport and Leisure Recovery Fund
The Welsh Government has just announced a £14m sport and leisure recovery fund for 2020-21, to help the sector meet the ongoing challenges resulting from the coronavirus pandemic and to help provide longer-term sustainability. Read more here.
This recovery fund will be delivered by Sport Wales, and will be in addition to the Emergency Sport Relief Fund and the Be Active Fund, which are also being administered by them.
6. Research and development support
Innovative businesses and start-ups are set to benefit from a £40 million government investment to drive forward new technological advances.The government announced on 20 May, that it is doubling investment in the Fast Start Competition with an additional £20 million.
The investment comes from a £211 million government support package to drive forward business-led innovation and is part of a wider investment package of £1.25 billion for innovative UK businesses announced on 20 April.
The Fast Start Competition was launched in April and is being managed by Innovate UK. See more here.
7. Childcare Providers Grant
The Childcare Providers Grant was launched by the Welsh Government as part of a package of support for businesses affected by Coronavirus.
Applications have now been closed.
8. Transport tech start-ups funding boost
Innovative transport start-ups with a focus on decarbonisation or COVID-19 recovery can bid for a share of over £1 million (£1,010,000) in Department for Transport funding from 14 September 2020.
Further information can be found here.
9. Self-employment Income Support Scheme
The scheme for the first grant is now closed to new claims.
However, the scheme has been extended. If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make a claim for a second and final grant from 17 August 2020.
The scheme allows you to claim a second and final taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.
As with the first grant HMRC will contact you if you’re eligible.
They will work out your eligibility for the second grant in the same way as the first grant.
You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant.
For further information on the Self Employment Support Scheme please visit the GOV.UK website.
On 24th September 2020, it was announced that the Self-Employment Income Support Scheme grant will be extended further. The grant extension is for self-employed individuals who are currently eligible for the Self-Employment Income Support Scheme and are actively continuing to trade, but are facing reduced demand due to coronavirus (COVID-19).
The extension will provide two grants and will last for six months, from November 2020 to April 2021. See more here.8.
10. Start Up Grants
Welsh Government announced a new grant to provide financial assistance for newly created businesses that are facing operational and financial challenges as a result of the COVID-19 outbreak. This Grant is now CLOSED
11. Transforming Towns Winter Trading Grants
Newport City Council in partnership with Welsh Government is delivering a grant scheme to help support independent businesses to continue trading through the Winter months. Grants are available to provide equipment furniture and minor adaptations that will help support your business to continue trading through the current restrictions, and will cover up to 80% of costs. (businesses will have to fund the remaining 20%).
Grants are available to independent businesses based in Pillgwenlly District Centre, Maindee District Centre or the City Centre.
Forms should be returned to: email@example.com
To help businesses locate a varied range of other support available to get through this difficult period, take a look at the COVID-19 Business Support Finder pages here.