Further details about support from the Welsh Government’s new £500m Economic Resilience Fund has been published today. To be eligible for this phase of support, businesses, charities and social enterprises, must meet criteria including: Micro businesses, including start-ups, employing up to nine employees could be eligible for up to £10k support. This includes sole traders employing staff. Businesses in this bracket could qualify for support from the fund if they: – Have experienced in excess of a 40% reduction in turnover since 1 March 2020;– Can demonstrate that efforts have been made to sustain business activity;– Are not pursuing other forms of Welsh Government non-repayable grant funding support;– Are not […]
