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The Welsh Government has announced a ‘Start Up Grant’ to support new businesses in Wales in dealing with the severe impact of Coronavirus.

To be eligible for the ‘Start Up Grant’ of  £2,500 businesses must:

  • not have received funding from the Economic Resilience Fund or the Non-Domestic Rates grant
  • have been set up between the 1 April 2019 and 1 March 2020 and not qualify for Self Employment Income Support Scheme
  • have turnover less than £50,000
  • have a drop of more than 50% income between April-June 2020

The Start Up Grant will be administered by local authorities and accessed through the Economic Resilience Fund eligibility checker on the Business Wales website https://fundchecker.businesswales.gov.wales/.

Applicants will be required to submit a short application form and self-declaration that is supported by evidence. In addition, applicants will be required to sign up to Business Wales start-up support and advice and align with the ethos and principles of the Economic Contract.

Businesses can apply from 29 June 2020.

For further information please visit the Business Wales COVID-19 support for businesses pages.