COVID-19 Economic Resilience Fund (ERF) Business Support
The COVID-19 Economic Resilience Fund for business support between May 2021 and June 2021.
The Welsh Government is making a further package of business support available through the Economic Resilience Fund (ERF). The ERF will provide support in the form of cash grants for businesses, social enterprises and charities and associated supply chain businesses that have experienced a material negative impact as a result of ongoing COVID-19 restrictions. The grants will help meet operating costs (excluding staff wages) for the period 1 May 2021 to 30 June 2021.
Specifically, the ERF will support businesses that are either:
a. Forced to remain closed by regulations between 1 May 2021 and 30 June 2021
b. Unable to open indoors between 1 May 2021 and 17 May 2021
c. A venue which caters exclusively for weddings and events with a regulatory restriction capacity of 30 guests
d. A supply chain business that generates 60% or more of its sales revenue from businesses falling into categories a), b) and/or c)
The Fund is administered in two parts:
- Support for businesses with a turnover greater that £85,000 will be provided directly by the Welsh Government - applications for the ERF have been extended and will now close at 5pm on 14 June 2021.
- Support for businesses with a turnover of less than £85,000 is administered by Local Authorities. Opens 4th June at 12.00pm – closes on 30th June at 5.00pm.
Please visit: Economic Resilience Fund for the eligibility checker, and go to the Get Started tab.
Cultural Recovery Fund
Freelancer Grant - Round 2 - NOW CLOSED
UK Community Renewal Fund
The Government is seeking an application from the Vale of Glamorgan into its Community Renewal Fund. £220 million investment in the UK Community Renewal Fund (UKCRF) was announced in its budget on 3 March 2021.
The Fund is to support people and communities most in need across the UK, creating opportunities to trial new approaches and innovative ideas at the local level. For full details please visit: UK Community Renewal Fund
Self-Employment Income Support Scheme (SEISS)
All the details here: Gov.UK Guidance on SEISS
There will be a fifth grant covering May 2021 to September 2021
Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme has been extended until 30 September 2021.
Find out more about how the scheme is changing.
Non-Domestic Rates Linked Support for Businesses – 15 March 2021 - NOW CLOSED
Following the First Ministers announcement 12 March 2021, if you registered your details and received an NDR linked grant for the schemes introduced in December 2020 and subsequently extended, you do not need to take any further action – please do not reapply you will receive automatic payment by 25th March 2021.
This grant is now closed to new applicants. Based on applications to date, the budget is potentially allocated.
Should further funding be made available by Welsh Government we’ll let you know via our communication channels.
Extension Discretionary Grant - NOW CLOSED
Coronavirus Regulations in Wales
- Vale of Glamorgan Council Coronavirus updates
- Temporary Trading Areas for Food and Beverage Retail
- Welsh Government Coronavirus updates
Skills and Jobs Fund
The Welsh Government pledges to support everyone to find work, education or training or help to start their own business as it launches a £40m skills and jobs fund.
The £40m package will provide:
- more than £20m to incentivise employers to recruit and retain 5,000 apprentices, increase the capacity of traineeship programmes and support more graduates to access work experience, work tasters and paid work placements.
- almost £9m to help workers access retraining and find new employment, including in areas of skills demand, through ReACT and the Union Learning Fund. This includes the national roll-out of the personal learning accounts programme so an additional 2,000 people can learn new skills and gain new qualifications.
- funding for traineeships, Working Wales and Communities for Work Plus will be increased to help match people to job opportunities and promote self-employment and new ways of working, as well as funding to support employer-led training through the Flexible Skills programme.
- there will be support for a new Barriers Fund, offering up to £2,000 to support people who may not have previously considered self-employment, in particular women, young people, people from BAME communities and disabled people.
Funding Support and Training
Up to date figures for the Business Grants in the Vale of Glamorgan. In line with Welsh Government guidance the business support scheme for eligible rateable properties has now closed.
The latest total of 2,056 grant payments have been made worth a total of £25,652,000.
Town Centre Businesses and Premises
For advice and information on working in or running shops during the COVID-19 pandemic, please contact:
Retailers Coronavirus Guidance
Fast Start Competition
On the 20 May 2020 UK government announced it is doubling investment in the Fast Start Competition with an additional £20 million. Innovative businesses and start-ups are set to benefit from a £40 million UK government investment to drive forward new technological advances. Among the successful projects to receive the funding to date is a virtual-reality surgical training simulator and an online farmers’ market platform.
Boost for cutting edge start-ups
Support for welsh food and drink manufacturers
Food Innovation Wales, backed by Welsh Government, is based at three food centres across Wales. The team of industry experts can support manufacturers of all sizes to navigate their way through a range of complex technical and commercial issues.
Food Innovation Toolkit
Bounce Back Loans Scheme
Major boost for Welsh SME's as New Bounce Back Loans Scheme opened for applications.