COVID-19 Economic Resilience Fund opens for applications at the end of May

Posted May 19, 2021 in  Company News

The Welsh Government is making a further package of business support available through the Economic Resilience Fund (ERF).

Applications for the ERF will open on the 24 May 2021 and close at 5pm 7 June 2021.

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) from 1 May 2021 to 30 June 2021.

Specifically, the ERF will support businesses that are either:

  1. Forced to remain closed by regulations between 1 May 2021 and 30 June 2021
  2. Unable to open indoors between 1 May 2021 and 17 May 2021
  3. A venue which caters exclusively for weddings and events with a regulatory restriction capacity of 30 guests
  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 (applies to all):
Have experienced a material negative impact through reduced turnover of 60% or more in May 2021 and June 2021 as compared to May 2019 and June 2019 caused directly by on-going COVID-19 restrictions.

If you have received a grant via the Welsh Government’s Culture Recovery Fund (CRF), Sports Wales Fund or Third Sector Fund to support costs through to 30 September 2021, you are not eligible to apply for this fund.

To check your eligibility, please visit: Economic Resilience Fund for the eligibility checker, and go to the Get Started tab.