A grant of up to £10,000 is available to assist microbusinesses that have been affected by the COVID-19 outbreak.

This grant can only be claimed by businesses that meet the following criteria:

  • employing between 1 and 9 employees (in addition to the business owner)
  • operating address in Wales and have employees in Wales
  • VAT registered
  • have experienced a drop in turnover greater than >40% as a result of the COVID-19 outbreak (since the 1 March 2020)
  • supported businesses must aim to maintain employment for 12 months
  • only one application per businesses
  • businesses will need to provide:
    • details of reduction in turnover as a result of the COVID-19 outbreak
    • evidence of business address by providing VAT registration

The grant is available to microbusinesses that are not eligible for the Business Rate Grant or the support for self-employed grant.

The Economic Resilience Fund for microbusinesses is open to applications from 17 April 2020 for 12 months

For more information and to check eligibility:

https://fundchecker.businesswales.gov.wales/