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Birmingham Post
Birmingham Post
Business
Owen Hughes

Welsh Government launches eligibility checker for £80m Covid cash - with £20m ringfenced for tourism and hospitality

Businesses across Wales can now find out if they can apply for funding from the third phase of the Economic Resilience Fund (ERF).

Economy Minister Ken Skates announced the new phase of the fund last week which will see an additional £140m being made available to businesses.

The eligibility checker will enable businesses to see if they can access the £80m tranche of the fund which will support firms with projects that can help them transition to the economy of tomorrow.

There will be £20m ring fenced to support tourism and hospitality businesses who are facing particular challenges as they enter the winter months.

The Welsh Government is also currently working with local authorities and the Welsh Local Government Association on the detail of the £60m Local Lockdown Business Fund that will support businesses impacted by local restrictions.

Further information on how to access this fund will be published shortly on the Business Wales website.

Economy Minister Ken Skates said: “Welsh Government support has been crucial for businesses throughout Wales in dealing with the economic impact of the coronavirus pandemic.

“Key to this has been our unique Economic Resilience Fund which has already helped protect more than 100,000 jobs.

“Today we are opening the eligibility checker for the next £80m of the fund so businesses can find out if they are likely to benefit.

"We have deliberately ringfenced £20m of this money for tourism and hospitality businesses because we recognise the particular pressures they are under at this challenging time.”

Go to: https://fundchecker.businesswales.gov.wales/erfphase3

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