NEW: Start Up Grant for Businesses available now
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Start Up Grant

This is a grant to provide financial assistance for newly created businesses that are facing operational and financial challenges as a result of the COVID-19 outbreak.

The purpose of the grant is to support newly created businesses with immediate cash flow support to help them survive the economic consequences of the Covid-19 outbreak. The grant seeks to complement other Covid-19 response measures to support businesses, social enterprises and charitable organisations in Wales.

The eligibility criteria for the grant is as follows:

  • Started trading between 1st April 2019 and 1st March 2020
  • Forecast annual turnover less than £50,000
  • Not in receipt of Self Employment Income Support, Non Domestic Rate Grant, Economic Resilience Fund or the Coronavirus Job Retention Scheme
  • Businesses must be operating in Wales
  • Businesses must have one or more of the following:
    • HMRC Unique Taxpayer Reference (UTR) Number
    • VAT Registration Number or a VAT exemption certificate
    • Written correspondence confirming registration with HMRC
  • Have experienced a drop in turnover greater than >50% as a result of the Covid-19 outbreak between April and June 2020
  • Supported businesses must aim to maintain employment for 12 months

For further information on this grant please read the Start Up Grant Guidance Notes. [170KB]

 

Apply for Start Up Grant Start Up Grant: Application Form

 

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