Some good news for some of those businesses that have slipped through the net where Covid-19 funding is concerned.
The Welsh Government has announced a ‘Start Up Grant’ of £2,500 to support new businesses in Wales in dealing with the severe impact of Coronavirus.
To be eligible for the Start Up Grant of £2,500 businesses must have:
- Not received funding from the Coronavirus Job Retention Scheme (furlough), Self Employment Income Support Scheme, Economic Resilience Fund or the Non-Domestic Rates grant.
- Been set up between the 1 April 2019 and 1 March 2020.
- Turnover less than £50,000.
- Experienced a drop of more than 50% income between April-June 2020.
- A Unique Taxpayer Reference (UTR) or VAT number.
The Start Up Grant can be accessed through the Economic Resilience Fund eligibility checker on the Business Wales website https://fundchecker.businesswales.gov.wales/.
The Grant application process is open now. If you think your business meets these criteria please apply via the link above or get in touch so that we can help. The grant is available on a first come first served basis, so the sooner you apply the better.