Economic Resilience Fund Local Application


The Welsh Government is making a further package of business support available through the Economic Resilience Fund (ERF). The ERF will provide support in the form of cash grants for businesses, social enterprises and charities and associated supply chain businesses that have experienced a material negative impact as a result of ongoing COVID-19 restrictions. The grants will help meet operating costs (excluding staff wages) for the period 1st May 2021 to 30th June 2021.

Specifically, the ERF will support businesses that are either:

  1. Forced to remain closed by on-going restrictions between 1st May 2021 and 30th June 2021
  2. Unable to open indoors between 1st May 2021 and 17th May 2021
  3. A venue which caters exclusively for weddings and events with a regulatory restriction capacity of 30 guests
  4. A supply chain business that generates 60% or more of its sales revenue from businesses falling into categories a), b) and/or c)
AND (applies to all):
Have experienced a material negative impact through reduced turnover of 60% or more in May and June 2021 as compared to May and June 2019 caused directly by on-going COVID-19 restrictions.

This grant will close at 5.00pm on 30th June 2021.
You are not eligible for this grant if:

  • The business generates less than 50% of your income if you are a sole trader or partnership or Limited Company. The business must be your main source of income.
  • Your turnover has not reduced by at least 60% compared to the May / June period in 2019 or an equivalent trading period if you started after that date.
  • You are eligible for support from the Cultural Recovery Fund - Freelancer Support (launched on 17 May 2021).
  • You have received funding for costs for the same time period from funds such as the "Be Active Wales Fund" or the "Communities Resilience Fund".
  • The total amount of Covid-19 support grants you have received (including any further award through this discretionary fund) exceeds 80% of your turnover for a typical year of trading (pre Covid-19 or estimated without impact of Covid-19 if established after March 2019).

For further information on this grant please read the Economic Resilience Fund Guidance Document.

The Fund is administered in two parts; support for businesses with a turnover greater that £85,000 will be provided directly by the Welsh Government; support for businesses with a turnover of less than £85,000 is administered by Local Authorities. Turnover levels should be for a normal trading year or an estimate if the business started post March 2020. Businesses with a turnover of over £85,000 should go to https://businesswales.gov.wales/coronavirus-advice/.



Your Personal Details



Information about your Business

In order to apply for this grant you must have at least one of the following:

Please select all files at once.



Impact of the restrictions on your business

My business falls into one of the following categories:

AND (applies to all):

Please provide the turnover figure for the last full year of trading prior to the coronavirus pandemic. If the business is less than 12 months old, please provide an estimated annual turnover figure since trading commenced.

Please select all files at once.



Your business bank details


The local authority needs a copy of your recent bank statement to corroborate the details supplied on your application to evidence trading activity.

Please ensure your bank statement shows your NAME, BANK ACCOUNT NUMBER and SORT CODE, and is dated within the last 3 months, otherwise your application cannot be processed.

Please select all files at once.



Subsidy Control

Please include above all Covid-19 related financial support you have received since March 2020.

Examples could include Economic Resilience Fund, Start-up Grant, Freelancer Fund.





Declarations

  • I have read and understood the Economic Resilience Fund guidance document.
  • I confirm that my business operates in Wales.
  • If awarded a grant, I confirm that the total amount of Covid-19 support grant received (e.g. previous discretionary grants) does not exceed 80% of my business turnover for a typical year of trading.
  • If awarded a grant I confirm my business has sufficient financial resources to resume normal trading.
  • My business was actively trading and generating sales revenue up to 6pm on the 4th of December 2020 for hospitality businesses or the 19th of December 2020 for other businesses
  • I acknowledge that my Local Authority or the Welsh Government will undertake any appropriate business checks considered necessary to assess the application and to check the nature, use and impact of the funding in the future
  • I am not eligible for the 'Cultural Recovery Fund - Freelancer Support' (launched on 17 May 2021)
  • My business has not been forced to close having infringed social-distancing rules
  • I have not received funding through the Third Sector Resilience Fund
  • I have not received funding through the Be Active Wales Fund.
  • I confirm that this business is my main source of income (>50%)
  • For limited companies only – I confirm that my business has an annual turnover of between £10,000 and £85,000
  • For sole traders / partnerships only – I confirm that my business has an annual turnover of less than £85,000
  • I confirm that I will provide all the required evidence to support my application for the Economic Resilience Fund Grant if it is requested.
  • I understand that if a grant payment is made and evidence subsequently emerges to show that I am not eligible for that grant payment, the Local Authority, acting on behalf of Welsh Government, may require repayment of the grant in full or part from me. Also, should it be determined that the payment was made as a result of an act of fraud by me or on my behalf, legal action may be taken against me.
  • I confirm that I have read and understood the privacy statement of the Economic Resilience Fund.
  • I declare that the information provided in this application is true and accurate.

If you are unable to confirm to all the statements above, you are not eligible for the grant.