Economic Resilience Fund
The Economic Resilience Fund is 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, 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 31st August 2021 directly impacted by the restrictions in place from the beginning of the period.
Specifically, the ERF will support businesses that are either:
- category a) - forced to remain closed or unable to trade by on-going restrictions between 1 July 2021 and 31 August 2021
- category b) - dedicated event space and attractions severely impacted by ongoing social distancing regulations.
- category c) - other businesses with greater than 60 per cent impact on turnover as a direct result of ongoing restrictions since 1 of May and were unable to open indoors before the 17 May 2021
- category d) - a supply chain business that generates 60 per cent 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 per cent or more in July and August 2021 as compared to July and August 2019 caused directly by on-going Covid-19 restrictions.