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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 / will continue to experience 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 of May 2021 to 30th of June 2021 directly impacted by the restrictions in place from the beginning of the period.

THE SCHEME WILL CLOSE 30/06/21 OR EARLIER IF THE FUND HAS BEEN FULLY COMMITTED.

 

The Fund is administered in two parts;

  • businesses with a turnover GREATER THAN £85,000 should apply directly via Welsh Government
  • businesses with a turnover of LESS THAN £85,000 can apply here

Turnover levels should be based on normal trading year prior to the Covid pandemic or an estimate if the business started post March 2020.

Who can apply

  • Business was trading prior to the 4th of December 2020
  • 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.

If your business has a turnover less than 85K, and one of following that applies to your business

a) Forced to remain closed by the on-going restrictions between 1 May 2021 and 30 June 2021

AND

Have experienced a drop in turnover  of 60% or more in May and June 2021 as compared to May and June 2019

b) Unable to open indoors between 1 May 2021 and 17 May 2021

AND

Have experienced a drop in turnover  of 60% or more in May and June 2021 as compared to May and June 2019

c) A venue which caters exclusively for weddings and events with a regulatory restriction capacity of 30 guests (but can accommodate a greater amount in normal circumstances)

AND

Have experienced a drop in turnover  of 60% or more in May and June 2021 as compared to May and June 2019

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 drop in turnover  of 60% or more in May and June 2021 as compared to May and June 2019

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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