COVID-19: Grants

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1. 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.

Welsh Government has already launched an eligibility checker, so you can find out if you are eligible to apply. Applications for businesses and organisations opened 14th September and applications for Freelancers will open on 5th October.

More information is available 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. Childcare Providers Grant

The Childcare Providers Grant has been launched by the Welsh Government as part of a package of support for businesses affected by Coronavirus.

You can apply for the grant from now until October 2020.Additional information can be found here.

6. 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.

7. Self-employment Income Support Scheme

From 13 May 2020, the Self-employment Income Support Scheme (SEISS) provided a grant worth 80% of average monthly trading profit over the last three years, up to £2,500 per month, to support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19.

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.  

8. Economic Resilience Fund grants

The Economic Resilience Fund was a £500 million fund primarily aimed at supporting those businesses who would not qualify from previously announced support packages. It has now CLOSED. 

9. 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

 

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.