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Home Business Resilience-Fund Economic Resilience Fund

Economic Resilience Fund


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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.

Specifically, the ERF will support businesses that are either:

 a) Forced to remain closed or unable to trade by on-going restrictions between 1st July 2021 and 31st August 2021 AND Have experienced a severe impact through reduced turnover of 60% or more in July and August 2021 as compared to July and August 2019 caused directly by on-going COVID-19 restrictions.

 b) Exclusive event Space and attractions severely impacted by ongoing social distancing regulations AND Have experienced a severe impact through reduced turnover of 60% or more in July and August 2021 as compared to July and August 2019 caused directly by on-going COVID-19 restrictions.

 c) Other businesses with >60% impact on Turnover as a direct result of ongoing restrictions since 1st of May and were unable to open indoors before the 17th May 2021 AND Have experienced a severe impact through reduced turnover of 60% or more in July and August 2021 as compared to July and August 2019 caused directly by on-going COVID-19 restrictions.

 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 Have experienced a severe impact through reduced turnover of 60% or more in July and August 2021 as compared to July and August 2019 caused directly by on-going COVID-19 restrictions.

THE SCHEME WILL CLOSE AT 12PM ON 09/08/21 OR EARLIER IF THE FUND HAS BEEN FULLY COMMITTED.

 

Who can apply:

Businesses that meet the following criteria may be eligible for the grant: 

  • Limited company with a turnover of between £10,000 and £85,000
  • Sole traders / partnerships with a turnover less than £85,000
  • Business was trading prior to the 4th of December 2020
  • Businesses must be operating in Wales
  • Businesses must have one or more of the following
    • HMRC Unique Taxpayer Reference (UTR) Number
    • VAT Registration Number or a VAT exemption certificate (if applicable)
    • Company Registration Number (if applicable)
    • Hackney carriage license number or private minicab licence number (if applicable)
    • The business must employ at least 1 FTE (this can include the owner)
    • The business must be your main source of income (>50%)
  • Only one application per business (where there are multiple premises under 1 business they should be combined into a single application)
  • If you have received funding in the last 12 months which exceed 100% of your turnover in the 2019 financial year, you should not apply for this fund.

 Full eligibility criteria can be found in the guidance document (PDF)

  

If you have a query please email business@conwy.gov.uk

Privacy Notice - Welsh Government Economic Resilience Fund Grants - Administered by Local Authorities

 

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