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Economic Resilience Fund – next phase

Welsh Government have announced details of the next phase of the Economic Resilience Fund.

The eligibility checker for new applications will hopefully be open by the middle of June 2020, allowing companies’ time to prepare their applications and Welsh Government expects to open the fund for full applications later in the month. 

This will enable access to the remaining £100 million of the £300 million already approved and allocated to support micro businesses, small and medium enterprises and large businesses.

In terms of eligibility, Phase 2 of the Fund will operate in the same way as Phase 1 but with an update to the micro scheme, which will enable limited companies who are not VAT registered to access the Fund.

Further details about the fund will be on the Business Wales website shortly. 

 

 

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