ERF Sector Specific Support:
The ERF Sector Specific Support (operating cost) package is targeted at Hospitality, Tourism and Leisure (HTL) businesses or supply chain companies who are materially impacted with a greater than 60% impact of turnover as a result of the restrictions.
Eligible businesses will have to be employing staff via PAYE, and either VAT registered or (exempt from VAT) with turnover above £85,000, or limited companies with turnover above £50,000.
Businesses who have accessed the ERF Restrictions Business Fund could also apply for this fund if they met the eligibility requirements.
For eligible businesses the package of support will provide the following grant awards:
- For single employee business, minimum grant of £2,500
- SMEs (up to 249 employees) - £1,500 per employee up to a maximum of 10 employees, representing £15,000 or for those employing more than 10, £1,500 per employee or self-declared operating costs for the restricted period (whichever is the lower amount).
- There would be an upper limit of £100,000 for SME businesses with a digital system based application.
- Large businesses (250+ employees) - £500 per employee for Welsh headquartered large business applicants to a maximum of £150,000, with a manual case by case application via the sector team.
How to access the ERF Sector Specific Fund:
A triage tool will be available on the Business Wales website by the 11th of December for businesses to check their eligibility for the fund and the fund will open to applications on the week commencing the 11th of January.