Financial Support

Economic Resilience Fund (ERF)

The Economic Resilience Fund (ERF) is now open to applications

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 / will continue to experience 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 of May 2021 to 30th of June 2021 directly impacted by the restrictions in place from the beginning of the period.

Specifically, the ERF will support businesses that are either:

a) Forced to remain closed by the on-going restrictions between 1 May 2021 and 30 June 2021

b) Unable to open indoors between 1 May 2021 and 17 May 2021

c) A venue which caters exclusively for weddings and events with a regulatory restriction capacity of 30 guests (but can accommodate a greater amount in normal circumstances)

d) A supply chain business that generates 60% or more of its sales revenue from businesses falling into categories a), b) and/or c)

AND (in addition this applies to all the above):

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.

The grant will be open to applications from 1st June 2021 and will close at 5pm on the 30th June 2021.

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.

Apply here ERF Privacy Notice

Pen Y Cymoedd Wind Farm Community Fund

Pen Y Cymoedd Wind Farm Community Fund is making emergency, fast-track funding available for organisations in the Fund area (the upper reaches of the Neath, Afan, Rhondda and Cynon Valleys).

There will be two funds:

• Survival Fund: to provide emergency cashflow funding for organisations at risk of closure
• Project Fund: to support additional services that meet immediate community needs

Pen Y Cymoedd also has grants available for businesses:

• Micro fund – up to £5,000 – this is a one stage application
• Vision fund - £5,001 to £25,000 – this is also a one stage application
• Vision fund + - £25,001 upwards – this is a two stage application