For those making an application to the Welsh Government for grants, you should familiarise yourselves with the guidance available here.
Economic Resilience Fund (ERF)
ERF Business Grant
Please monitor the Business Wales Covid-19 Support for Business website and our social media channels for support and updates.
To help businesses locate a varied range of other support available to them to get through this difficult period take a look at the COVID-19 Business Support Finder pages we’ve created here.
Welsh Government Economic Resilience Fund Awarded Organisations
A list of Economic Resilience Fund Phase 1 recipients and regional breakdown information can be found here.
A list of Economic Resilience Fund Phase 2 recipients and regional breakdown information can be found here.
Development Bank of Wales
The Development Bank of Wales is a unique lender to businesses in Wales. It has been set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance they need.
For details of the financial support available from the Development Bank of Wales please visit their website:https://developmentbank.wales/
Business Interruption Loan Scheme
A temporary Coronavirus Business Interruption Loan Scheme, covering a variety of different products such as loans, overdraft, invoice finance and asset finance, delivered by the British Business Bank, was launched on the 23 March to support primarily small and medium sized businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs. The government will not charge businesses or banks for this guarantee, and the Scheme will support loans of up to £5 million in value. Businesses can access the first 12 months of that finance interest free, as government will cover the first 12 months of interest payments.
Further details can be found at: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils/