First Minister Mark Drakeford announced on Friday a Start-Up Grant to support new small / micro businesses dealing with the severe impact of Coronavirus – which may be of value to outdoor providers who have not been eligible for other schemes to date.
The fund will be worth £5m initially with flexibility for the future. It will support start-up firms, which fall outside the UK Government’s Self Employment Income Support Scheme (SEISS) as they only began trading in 2019.
Applications for this grant will open on 29 June.
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
Further details are available on the Business Wales website.