Additional £180m for Wales’ Tourism and Hospitality Business

The Welsh Government’s latest £180 million Economic Resilience Fund package to support tourism, hospitality and leisure businesses affected by coronavirus restrictions is now open.

The funding is part of a live package of support that the hospitality, leisure and tourism sectors as well as their supply chains, can access. It aims to help thousands of firms impacted by alert level 3 and 4 restrictions. The £180 million is in addition to a £270 million support package for businesses that pay non-domestic rates, which includes non-essential retail businesses, and is being delivered via local authorities.

The fund is expected to support up to 8,000 hospitality, tourism and leisure firms impacted by the restrictions and potentially a further 2,000 in related supply chains. The amount a company can claim will be calculated based on staff count and turnover.

The Welsh Government estimates that a typical hospitality business in Wales with the equivalent of six full-time staff could be eligible to receive between £12,000 and £14,000 in total.

The Sector Specific Grant application window is now open and will remain open for two weeks or until funds are fully committed.

More information about this funding opportunity and the application process is available on the GRANTfinder funding information platform. GRANTfinder provides up-to-the minute content, insight and analysis on funding news and policy. To find out more about how GRANTfinder can keep you in the know, and subscription fees, contact us today.