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.