Third phase of Economic Resilience Fund is now open for applications
|Businesses can now apply for funding from the third phase of the Welsh Government’s Economic Resilience Fund (ERF).|
|Last week, the Welsh Government announced it was doubling this phase of the fund, making nearly £300m available to support businesses that continue to be affected by Covid-19.
As a result of the “firebreak”, which began on Friday 23 October and continues until Monday 9 November, a range of businesses have had to temporarily close their doors or reduce their operations. The third round of the ERF will ensure further help for businesses across Wales.
To date, the fund has supported more than 13,000 businesses. This has helped to protect in excess of 100,000 jobs which might otherwise have been lost.
The ERF is part of the Welsh Government’s £1.7bn plus support package for businesses and complements support schemes available from the UK Government.
The latest phase of the ERF will see:
The ERF Eligibility Checker can be found here, and is open to all regardless of if businesses have received funding from ERF Phase 1 or 2 or the Non Domestic Rates Grant or business rates.
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