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ERF
richardscamans • Jul 14, 2021
Newsflash
NEWSFLASH
COVID-19 ECONOMIC RESILIENCE FUND (ERF) BUSINESS SUPPORT
APPLICATIONS FOR THE ERF WITH A TURNOVER OF MORE THAN £85K ARE NOW OPEN
AND WILL CLOSE AT MIDDAY ON TUESDAY 27 JULY 2021.
The Welsh Government has announced further emergency support until 31
August 2021 for businesses that remain closed or severely impacted by
restrictions shown via a greater than 60% impact on turnover compared to
the corresponding timeline in 2019 or equivalent.
The Economic Resilience Fund (ERF) will provide support in the form of
cash grants for businesses, social enterprises and charities and
associated supply chain businesses that continue to experience a severe
negative impact as a result of ongoing COVID-19 restrictions.
The grants will help meet operating costs (excluding staff wages) for
the period 1 July 2021 to 31 August 2021.
The ERF will support businesses that are either:
* Forced to remain closed or unable to trade by on-going restrictions
between 1st July 2021 and 31st August 2021
* Event Space and attractions severely impacted by ongoing social
distancing regulations
* Other businesses with >60% impact on Turnover as a direct result of
ongoing restrictions since 1st of May and were unable to open indoors
before the 17th May 2021
* 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 severe impact through reduced turnover of 60% or more
in July and August 2021 as compared to July and August 2019 caused
directly by on-going COVID-19 restrictions.
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 Economic Resilience Fund. This may lead to an adjustment or
deduction in any future schemes.
LOCAL AUTHORITIES ACROSS WALES WILL OPEN APPLICATIONS FOR THOSE
BUSINESSES THAT ARE ELIGIBLE WITH A TURNOVER OF LESS THAN £85K ON THE
26 JULY 2021. THIS GRANT APPLICATION WILL REMAIN OPEN UNTIL 9 AUGUST
2021.
Announcement!!!!
Useful information regarding the change that arrives in July
Christmas 2023
See the "About Us" page for more details on the benefits of becoming a member or
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