The Economic Resilience Fund (ERF) is targeted at businesses in the hospitality, leisure and attraction sectors and their supply chains who have been materially impacted by a greater than 50% reduction of turnover between 13 December 2021 and 14 February 2022.
The funds seeks to compliment other COVID-19 response measures to support businesses, social enterprises and charitable organisations in Wales.
The ERF will support:
- Businesses impacted between 13 December 2021 and 14 February 2022 and closed by regulations from 26 December 2021.
- Event Space and attractions materially impacted between 13 December 2021 and 14 February 2022.
- Other businesses with greater than 50% impact on turnover between 13 December 2021 and 14 February 2022.
And (applies to all):
- Have experienced a material impact through reduced turnover of 50% or more between December 2021 and February 2022 as compared to December 2019 and February 2020.
Any future Covid-19 funding which may be available for specific groups or sectors will take into account funding awarded under this round of the ERF. This may lead to an adjustment or deduction in any future schemes.
The Welsh Government ERF administered applications with a turnover of more than £85,000 is now open, to find out if you’re eligible and to apply visit COVID-19 Support for Business | Business Wales (gov.wales)