The next phase of Welsh Government’s new £500m Economic Resilience Fund will go live for applications on April 17. It will be targeted at microbusinesses, SMEs and large businesses with critical social or economic importance to Wales.
The criteria to be satisfied by businesses or organisations applying for this grant include; demonstration of a significant reduction in turnover, VAT registration, being an employer in Wales and attempting to trade out of the crisis.
The full criteria can be seen here at the Gov.Wales website and you can find out if you are eligible by using the Business Support Eligibility Checker now. It is important to do this as it will give you time to prepare ahead of the opening of the application process. Check now and apply as soon as possible, as the fund will be made available on a ‘first come first served’ basis.
Please note this funding will not be available to any business who has already qualified for business rate relief support, or any other form of Welsh Government Covid-19 related non-repayable funding.
More information for businesses can be found at the °¬²æAƬ Business Hub website