1. Cultural Freelancer Fund Grant
Welsh Government has announced the Freelancer Fund Phase 2 to extend the support available to freelance professionals to help them survive the economic consequences of coronavirus (Covid-19). The grant will be open for applications at 12 midday on Monday 17 May and will close at 5pm on Tuesday 1 June. More information can be found 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
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.
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.