This announcement provides our businesses with the reassurance that further support is available when they need it most. A new round of funding has been announced to help Wales’ businesses survive the economic downturn caused by coronavirus. Please monitor the Business Wales Covid-19 Support for Business website and our social media channels for other support and updates. This fund will assist with the economic challenges of Covid-19. Phase 3 focuses on recovery. Non-essential cookies are also used to tailor and improve services. On 29 September 2020, the Minister for Economy, Transport and North Wales made an oral statement: The Economic Resilience Fund—Phase 3 (external link). Meanwhile, an additional £60m will be allocated to support businesses in areas that are subject to local lockdown restrictions. This third phase means the Welsh Government will make an additional £140 million available to businesses. Economy Minister Ken Skates announced the new phase of the fund last week which will see an additional £140m being made available to businesses. A further £60m will be provided to support companies needing to close or materially impacted by the current local lockdowns. Key elements of the support package will include: an extra £150 million into phase three of the ERF to support to businesses affected by the… Today, I am announcing the launch of phase 3 of our Economic Resilience Fund. I also recognise that the lockdown discretionary fund is fully utilised in a small number of local authority areas and others are close to be fully utilised. Funding  is delivered collaboratively between the Welsh Government and Local Authorities. The funding from the third phase of the Welsh Government’s Economic Resilience Fund will see wider support being provided to secure jobs and help businesses develop, as well as additional help for firms affected by local lockdowns. The £300m ERF package is of course in addition to the HMT support available via the Job Retention Scheme and the Self Employed Income Support scheme which have been enhanced in recent days as we as a Government have requested. Following the principles of providing enhanced support, today I am announcing an additional £140m available to businesses to help them deal with the economic challenges of Covid-19 and the UK’s impending exit from the EU transition period. It has also helped to protect more than 100,000 jobs that otherwise might have been lost. Economic Resilience Fund for Non Micro Businesses (Phase 3) GUIDANCE NOTES FOR APPLICANTS Please read this guidance carefully before completing. The business development grants will be open to businesses of all sizes: There will be an element of discretion in the fund to enable higher levels of support for micro businesses and SMEs in the tourism and hospitality industries. The scheme will also reward those businesses that create new job opportunities for under 25 year olds. Friday, October 30, 2020 Following the implementation of the Welsh Government's Fire Break lockdown, which began on Friday 23 October, a range of businesses have been required to temporarily close or reduce their operations. The detail/eligibility on the remaining £60m of ERF 3, the Local Lockdown Business Fund that will support businesses impacted by local restrictions, has yet to … Businesses can now apply for funding from the third phase of the Welsh Government’s Economic Resilience Fund (ERF). My colleague the Finance Minister has set aside funding for a fourth phase of the ERF to support businesses and employees. Find all coronavirus guidance. Organisations who have previously been funded via the Third Sector Resilience Fund (TSRF) or the Voluntary Services Emergency Fund (VSEF) are eligible for additional funding through Phase 2. What you need to do at alert level 4. However, this pause does not affect the first and much larger element of the fund – the £200m ERF Lockdown Business Fund which remains open. Find all coronavirus guidance. This fund is intended to support businesses in Wales with development projects to assist with recovery from the effects of the Covid-19 pandemic and future sustainability. Economy Minister Ken Skates has announced a new funding round with an extra £140m being made available to Welsh businesses to offset the economic impact of COVID-19. Economic Resilience Fund – Phase III Ken Skates, The Minister for Economy, Transport and North Wales, has announced phase III of the Economic Resilience Fund. While some businesses will have properties that are eligible for an NDR grant, to receive any of the Lockdown Business Grants, businesses will need to register their details, as well as make a short on-line application to their respective local authority for the discretionary elements.

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