- June 16, 2020
- Posted by: Lesley Griffiths AM
- Category: Latest News
Businesses in Wrexham can now find out if they are eligible to apply for financial support from the next phase of the Welsh Government’s Economic Resilience Fund (ERF).
A further £100 million will target microbusinesses, SMEs and large businesses of critical economic importance, which have yet to receive financial assistance from the ERF.
The scheme, which is unique to Wales, has been praised by Wrexham’s Member of the Senedd, Lesley Griffiths, who is hoping businesses take advantage of the support.
The eligibility checker is now available online and is designed to help businesses prepare ahead of the full application process opening towards the end of this month.
News relating to the next phase of the Economic Resilience Fund has coincided with the publication of latest statistics showing more than £680 million has reached businesses across Wales to help them respond to the financial challenge of coronavirus.
More than 56,000 grants have been paid to companies across the retail, leisure and hospitality sector whose property has a rateable value of £51,000 or less. These businesses are also benefiting from rates relief through the £1.4 billion package announced in March.
New applications to this particular scheme will not be accepted after 30 June and Lesley Griffiths MS is urging local businesses to contact Wrexham Council if they have not already done so.
She said: “This extraordinary period has seen an unprecedented amount of support provided to businesses in Wrexham and throughout Wales.”
“The Economic Resilience Fund is unique to Wales and is specifically designed to support businesses, social enterprises and charities that are not eligible for other Welsh Government and UK Government support schemes. Latest figures suggest close to £200 million has been provided to Welsh businesses so far from this scheme alone and I would encourage Wrexham companies to check online whether they’re eligible for funding.”
“Whilst the Economic Resilience Fund prepares to relaunch fully at the end of the month, it is worth highlighting once again that the business rates relief scheme will be closing to new applications on 30 June. If you are eligible and have not already applied, please ensure you contact the Local Authority before this date.”