Your Network of Opportunity

ERF Phase 3 Business Development Grant.

Economic Resilience Fund Business Development Grants
Use this tool to check your eligibility for the ERF Phase 3 Business Development Grant. 
This fund is intended to support businesses in Wales with development projects to assist with recovery from the effects of the Covid-19 pandemic and future sustainability. We expect to support projects that improve the business operation from current circumstances. We particularly welcome development projects that will help sustain and create jobs for young people (25 and under), people with disabilities and people from BAME communities.
The business development grants will be open to businesses of all sizes.
• Micro businesses (employing between 1 and 9 people) will be able to apply for up to £10,000 on the condition they match this with their own investment of at least 10%; For Tourism and Hospitality micro businesses there will be discretion for grant awards of up to 100%; 
• SMEs (employing between 10 and 249 people) will be able to apply for up to £150,000. Small businesses (up to 50 employees) will be required to match this with their own investment of at least 10% and medium businesses (between 50 and 249 employees) with at least 20% of their own funding; For Tourism and Hospitality SME’s there will be discretion for grant awards of up to 100%; 
• Large businesses (employing 250+ people) will be able to apply for up to £200,000 on the condition they match this with their own investment of at least 50%. 
If the project is creating new jobs for young people (under 25) you may be eligible for a higher level of award.
The grant fund will be open for applications from the week commencing 26 October 2020 and remain open for four weeks.
The funding is to cover the period from October 2020 to 31st March 2021
The projects should address one or more of the calls to action in the Welsh Government’s Economic Action Plan:
1. Reduce carbon emissions – we want to enable more of our business base to become carbon light or free.
2. Develop Innovation and entrepreneurship - we want to support businesses to innovate, introduce new products and services and succeed. 
3. Increase Exports and Trade - we want to proactively support trade with the rest of the UK and across the world. 
4. Create high quality employment, skills development, and Fair Work – we want to improve our skills base and ensure that work is fairly rewarded. 
5. Develop Automation, and Digitalisation – we want to help our businesses to develop and to remain competitive. 
The Welsh Government considers businesses and organisations eligible for this grant even if they have received funding from ERF Phase 1 or 2 or the Non Domestic Rates Grant.
If there are any accessibility issues for you that might prevent you from completing an online application form please call the helpline on 03000 6 03000 otherwise start the tool and follow the simple step by step guide.

https://fundchecker.businesswales.gov.wales/erfphase3