This fund has now closed.

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 1 July 2021 to 31 August 2021.

Specifically, the ERF will support businesses that are either:

  1. Forced to remain closed or unable to trade by on-going restrictions between 1st July 2021 and 31st August 2021
  2. Dedicated event Space and attractions severely impacted by ongoing social distancing regulations
  3. 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
  4. A supply chain business that generates 60% or more of its sales revenue from businesses falling into categories a), b) and/or c)

AND (in addition this applies to all the above):

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.

A grant is available to assist businesses based on the number of Full Time Equivalent (FTE) staff they employ as of the 1st May 2021:

FTE / Type

Businesses closed by regulation during the period

Event Space and attractions with >60% impact on Turnover (TO)

Other business with >60% impact on TO as a result of closure and restrictions

Sole Traders without a property (LA delivery only <85% TO)

Impacted by >60%

1-3 

£5000

£3500

£2500

£1000

4-9

£10000

£7000

£3500

 

ECONOMIC RESILIENCE FUND - HOW TO APPLY

Businesses can apply for the grant by accessing their Local Authority’s website. If eligible, you will be able to access the online application form, complete all the requested fields and submit your application. Please note that all fields are mandatory – failure to complete them will result in your application being rejected. The Local Authority has absolute discretion on the duration and terms of the fund.

Before completing your application you need to read the Economic Resilience Fund Grant Guidance.

If applications are approved you will receive a grant offer by email notifying you of the award of the grant.

The grant will be open to applications from July 28th 2021 and will close at 5pm on the 11th August 2021.