Another £25,000 of additional support for Covid-impacted businesses has been made available by the Welsh Government. The emergency package of support will cover operating costs for July and August 2021 for businesses required to remain closed as a result of continuing restrictions.
Eligible businesses include those in the leisure and tourism sector and their supply chains. These include travel agents and other attractions affected by social distancing. Many of these businesses have been severely impacted by restrictions.
Eligible businesses will be entitled to an additional payment of between £1,000 and £25,000. The amount depends on their size, structure and circumstance, to cover the period up to the end of August 2021.
To qualify, businesses must show their turnover has reduced by more than 60% compared to the corresponding timeline in 2019 or equivalent. All eligible businesses will need to apply for the funding.
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).
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 ERF This may lead to an adjustment or deduction in any future schemes.
Applications for the ERF with a turnover of more than £85,000 are now open and closes at midday on Tuesday 27 July 2021. The eligibility checker is open on the Business Wales website.