News Bulletin: Applications open for emergency financial support from Economic Resilience Fund; Emergency Business Fund now open

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18 January 2022


bus support

Applications open for emergency financial support from Economic Resilience Fund

Businesses in Wales impacted by the rapid spread of the Omicron virus can now apply for emergency financial support from the Welsh Government’s Economic Resilience Fund (ERF).

Economy Minister Vaughan Gething previously said £120 million would be available for retail, hospitality, leisure and tourism business and their supply chains affected by the move to alert level 2 announced by the First Minister on Wednesday 22 December.

Eligible businesses can apply for grants of between £2,500 to £25,000, with grants dependent on their size and number of employees.

The application window will be open for two weeks, with payments starting to reach businesses within days.

Economy Minister, Vaughan Gething, said:

“This Welsh Government has pulled every lever possible to support businesses across Wales since the pandemic hit, and we continue to act to ensure needs are met.

“Following positive engagement with businesses, trades unions and other partners, we recently changed the eligibility criteria for the ERF support. The ERF grant is a Wales-only top up payment that currently supports eligible businesses who have seen a 60% drop in their income between December and February compared with the same period two years ago. The new criteria means that businesses in these sectors who have seen a 50% reduction in their turnover will now also be able to access the ERF.

“This means more businesses will receive more support from the Welsh Government.”

Non-essential retail, hospitality, leisure and tourism businesses in Wales can also receive support from the Non Domestic Rates (NDR) linked grant which is being administered by local authorities. Businesses will be entitled to a payment of £2,000, £4,000 or £6,000 depending on their rateable value.

Local authorities are also administrating a discretionary fund for sole traders, freelancers and taxi drivers and businesses that employ people but do not pay business rates. Last week this was doubled to £1,000.

The Welsh Government has provided in excess of £2.5 billion funding to Welsh businesses since the start of the pandemic. Focused particularly on backing small businesses and Welsh communities, it’s targeted approach has helped protect in excess of 160,000 Welsh jobs which might otherwise have been lost.

Apply for Economic Resilience Fund support here: COVID-19 Support for Business

Applications for this fund are now open and will close at 4pm on 1 February 2022.


Emergency Business Fund now open

Local Authorities will deliver a discretionary fund for businesses ineligible for Non Domestic Rates support with a turnover of less than £85,000 via a short application process. Sole traders, freelancers and taxi drivers will be able to apply for £1,000 and businesses that employ people can apply for £2,000.

This funding is also available to freelancers in the creative sectors.

Visit the Business Wales website for more details.


Useful COVID-19 information

As each premises is different, businesses should read all guidance. This continues to be updated so please check back regularly for the latest information.


Stay up to date with tourism industry news

Take a look at our latest Visit Wales industry newsletters and bulletins: Tourism Newsletter/Bulletin | Business Wales (gov.wales)

These include the latest tourism industry news from Wales and information for the industry on Coronavirus (COVID-19). 


Business Wales is providing businesses with tailored support and advice about dealing with coronavirus, from financial and supply chain planning to advice on staffing issues. We would advise Tourism businesses and stakeholders in Wales wanting specific guidance to visit the Business Wales website or call Business Wales helpline on 03000 6 03000, and to regularly visit the Public Health Wales website for up-to-date public health information for you, your staff and your visitors.


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