Welsh Government grant support for Start Up businesses
Flintshire County Council has welcomed the Welsh Government’s announcement of support for new businesses dealing with the severe impact of Coronavirus.
A number of people who have started a business in the last year don’t qualify for support from the UK Government’s Self Employment Income Support Scheme. This new scheme will provide crucial funding to people who established their businesses between 1 April 2019 and 1 March 2020, helping them to continue trading through the pandemic.
The new start-up grant will support up to 2,000 businesses in Wales, with up to £2,500 each.
Applications for this grant open on 29 June, at the same time as phase two of the Economic Resilience Fund opens to applications.
To be eligible for the start-up grant, businesses must:
- have not received funding from the Welsh Government’s Economic Resilience Fund or the non-domestic rates grant
- have been set up between the 1 April 2019 and 1 March 2020 and have not qualified for the UK Government’s Self Employment Income Support Scheme
- have less than £50,000 turnover
- have experienced a drop in turnover of more than 50% between April and June 2020.
Applicants need to submit a two-page application form and self-declaration supported by evidence. The application form can be found here: Grant Support for Start Up businesses.