Economic Resilience Fund (ERF)

Just a quick update to say that Ken Skates, Minister for Economy, Transport, and North Wales announced at the WG briefing this lunchtime that a Phase 4 of the ERF fund will be launched. They are currently assessing the options and working on developing a mechanism for businesses to register an interest in any future funds.  No timescale were announced but it is anticipated that further update on the next steps will be provided in the coming weeks.

Support to the self-employed

The support to the self-employed 8 is increasing from 40% of trading profits to 80% for November. SEISS is calculated over 3 months so this increases the total grant from 40% to 55% of trading profits for November to January and the max grant increases to £5,160. Grants will also be paid faster than previously planned – with the claims window opening at the end of November rather than the middle of December. The increase means £4.5bn of support for the self-employed between November and January. Read more:

Coronavirus Business Interruption Loan Schemes and Future Fund – close end of November

The four temporary loan schemes that were designed to support UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak close on 30 November 2020 for new applications. Coronavirus Business Interruption Loan Scheme (CBILS)Coronavirus Large Business Interruption Loan Scheme (CLBILS)Bounce Back Loan Scheme (BBLS)Future Fund For further information please visit the British Business Bank website: Coronavirus Business Interruption Loan Schemes and Future Fund

Go North Wales Tourism November Trade News

We appreciate that it is an extremely difficult, worrying and complex time for many businesses and individuals across North Wales with the COVID-19 pandemic but as the situation evolves it’s important to know that we are here to support you. We continue to monitor the circumstances as they are developing and also continue to engage with MPs and MSs, lobbying on issues on your behalf and making sure your voice is heard. If you have any questions/queries please do not hesitate to contact us, by email (contacts below), social media channels, online chat on the Trade website or phone. Please email; or with any issues etc you […]

North Wales Trade Impact Survey Results – Lockdowns and Tourism, Hospitality, Retail, Leisure Sector

A snapshot Trade impact Survey across Tourism, Hospitality, Retail, Leisuresectors and their supply chains looking at how lockdown has affected NorthWales businesses and the business outlook if any further lockdowns are put in place. The survey was conducted by North Wales Tourism with support from theNorth Wales Mersey Dee Business Council. Carried out over 4 days from Weds 21st October with 364 businesses responding from across the region. Data-Impact-Oct-2020-SendDownload

New national Covid measures for Wales following Firebreak – 9 November

The new national measures include: The need to maintain two metre social distancing and wear face masks in enclosed public places, including on public transport and taxis, will continueThe requirement to work from home whenever possible will remainPeople should only meet with their ‘bubble’ in their own home and only two households will be able to form a ‘bubble’. If one person from either household develops symptoms, everyone should immediately self-isolateUp to 15 people can take part in an organised indoors activity and up to 30 in an organised activity outdoors, providing all social distancing, hand hygiene and other covid safety measures are followedAll premises, such as restaurants, cafes, pubs […]