U.K Government announce a £1.57 billion investment support package to protect Britain’s world-class cultural, arts and heritage institutions. £157 billion investment to UK world class cultural art and heritage institutions
Economic Resilience Fund Phase 2 including the Start Up Grant
Applications opened Monday, 29th June at midday for the Welsh Governemnt Economic Resilience fund Phase 2 and the Start Up Grant Strand.
Economic Resilience Fund Phase 2
Please go on to the Eligibility Checker to check whether you meet the criteria and if so to apply.
Welsh Government announce grant support for Start Up businesses. The eligibility checker is available for new applications and will enable access to the remaining £100 million of the £300 million already approved and allocated to support micro businesses, small and medium enterprises and large businesses. This Phase 2 of the fund will operate in the same way as Phase 1 but with an update to the micro scheme. This will enable limited companies who are not VAT registered to access the fund, something which many small businesses have been calling for.
Town Centre Businesses and Premises
On Friday, 19th June 2020 the Welsh Government announced that non-essential retail businesses and premises can re-open in Wales, from Monday 22nd June 2020.
For advice and information on working in or running shops during the COVID-19 pandemic, please email Shared Regulatory Services: firstname.lastname@example.org
The latest 'Keep Wales Safe - Retail Guidance' from Welsh Government can be found here:
Retailers Coronavirus Guidance
In line with current social distancing guidance, further information will follow shortly on temporary changes to public spaces in the following shopping areas: Holton Road, Barry; High Street, Barry; Windsor Road/Glebe Street/Ludlow Lane, Penarth; High Street, Cowbridge; Boverton Road, Llantwit Major
Job Retention Scheme
The government's Coronavirus Job Retention Scheme will remain open until the end of October
Chancellor extends Furlough Scheme until October
From Monday, 4th May HM Revenue and Customs (HMRC) began contacting customers who may be eligible for the government's Self-Employment Income Support Scheme (SEISS). Those who are eligible will be able to claim a taxable grant growth 80% of their average trading profits up to a maximum of £7,500 (equivalent to 3 three months' profits), paid in a single instalment.
£40m boost for cutting edge start-ups
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.
The fund includes support for freelance artists and creative practitioners, with
next round for applications open from Friday 29 May until Monday 15 June 2020.
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.
To use the Food Innovation Wales COVID-19 tool kit, visit:
Future Fund - open for applications from 20th May
The new Future Fund will support innovative UK companies with good potential that are essential in ensuring the UK retains its world leading position in science, innovation and technology. These companies typically rely on equity investment and are currently affected by Covid-19.
For more information on the Future Fund eligibility criteria and applications process:
Bounce Back Loans Scheme
Major boost for Welsh SME's as New Bounce Back Loans Scheme opened for applications.