Published: 17th Jul 2020

The Welsh Government’s Economic Resilience Fund (ERF) has supported more than 9,000 businesses during the pandemic, helping them to protect around 75,000 jobs, new figures show. The fund has seen £150m worth of crucial grants provided to businesses to help them deal with the impacts of coronavirus. Almost £138m has supported micro and SME firms already, with more funding arriving with businesses by the day. The ERF is part of the Welsh Government’s £1.7bn package of support for business which is the most generous and comprehensive offer of help anywhere in the UK. This also includes more than 65,000 awards worth £750m of business rate relief to help them respond to financial challenges due to the pandemic. The second phase of the ERF, which closed on F10 July, extended support to non-VAT registered limited companies and businesses that started after March 2019. A separate £5m fund established to specifically to … (To read the full article, subscribe below)