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 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 May 2021 to 30th June 2021.
Specifically, the ERF will support businesses that are either:
a) Forced to remain closed by on-going restrictions between 1st May 2021 and 30th June 2021
b) Unable to open indoors between 1st May 2021 and 17th May 2021
c) A venue which caters exclusively for weddings and events with a regulatory restriction capacity of 30 guests
d) A supply chain business that generates 60% or more of its sales revenue from businesses falling into categories a), b) and/or c)
AND (applies to all):
Have experienced a material negative impact through reduced turnover of 60% or more in May and June 2021 (estimated for June), as compared to May and June 2019 caused directly by on-going COVID-19 restrictions.
You are NOT eligible for this grant if:
- The business generates less than 50% of your income if you are a sole trader or partnership. The business must be your main source of income.
- Your turnover has not reduced by at least 60% compared to the May / June period in 2019 or an equivalent trading period if you started after that date
- You are eligible for support from the Cultural Recovery Fund - Freelancer Support (launched on 17 May 2021).
- You have received funding for costs for the same time period from funds such as the “Be Active Wales Fund” or the “Communities Resilience Fund”.
Please read the Guidance Notes for full details of eligibility and/or visit the Business Wales Eligibility Checker.
How Do I Apply?
The grant is now open.
Please note: This grant will close at 5pm on the 30th of June 2021.
The Fund is administered in two parts; support for businesses with a turnover greater that £85,000 will be provided directly by the Welsh Government; support for businesses with a turnover of less than £85,000 is administered by Local Authorities. Turnover levels should be for a normal trading year or an estimate if the business started post March 2020. Businesses with a turnover of over £85,000 should go back to the Business Wales Eligibility Checker.