1. 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 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.
The grant will be open to applications at 12 midday on the 26th July and will close at 5pm on the 9th August. Find further information here.
2. 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.
3. 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.
4. 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.
5. 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.
6. Self-employment Income Support Scheme
Find out if you’re eligible for the fifth Self-Employment Income Support Scheme grant which will cover the period May 2021 to September 2021
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.
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.