IRRV Alert - week ending 26th June 2020
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Start Up Grant – support for Welsh businesses (26 June 2020)
Start Up Grant – support for Welsh businesses
26 June 2020
The Welsh Government has announced a ‘Start Up Grant’ 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:
- not have received funding from the Economic Resilience Fund or the Non-Domestic Rates grant
- have been set up between the 1 April 2019 and 1 March 2020 and not qualify for Self Employment Income Support Scheme
- have turnover less than £50,000
- have a drop of more than 50% income between April-June 2020
The Start Up Grant will be administered by local authorities and accessed through the Economic Resilience Fund eligibility checker on the Business Wales website https://fundchecker.businesswales.gov.wales/.
Applicants will be required to submit a short application form and self-declaration that is supported by evidence. In addition, applicants will be required to sign up to Business Wales start-up support and advice and align with the ethos and principles of the Economic Contract.
Businesses can apply from midday on 29 June 2020.
For further information please visit the Business Wales COVID-19 support for businesses pages.