Written question WQ82460
- Asked by
- Andrew RT DaviesConservative
- To be answered by
- Minister for Economy
- Tabled
- Due
- Answered
- Time to answer
- 7 days
Question
Will the Minister provide any data the Welsh Government holds on the number of businesses that have been declared bankrupt in Wales between 31 March 2021 and 1 May 2021, provided as a monthly breakdown.
Answer
Answered by Minister for Economy
Please note that I am providing the total awards, rather than the number of businesses, as some will have received more than one grant under the various schemes.
More than £147m was paid out in NDR grants in late March and early April 2021. In addition, during April and into early May a further £24m-plus has reached businesses affected by restrictions through our ERF sector fund. Our new and latest ERF package opened to applications on 24 May. This figure excludes the latest package opened to application on Monday
Including the £147m referenced above, the total amount of support from the various funds paid to businesses since October 2020 is 184,917 offers worth £682.8m.
This is broken-down as follows:
• ERF 3 business development grants and Lockdown Fund (October/November 2020) combined support – 54,924 offers; £184.4m
• Pre-Christmas hospitality restrictions fund (Paid in three phases in December 2020; February 2021 and March/April 2021) – 123,329 offers; £423.5m
• ERF sector specific fund phase 1 (January/February 2021) – 5,517 offers; £49.8m
• ERF sector specific fund phase 2 (March/April 2021) – 1,147 offers; £25.1m
Data on business deaths can be found on Stats Wales https://statswales.gov.wales/Catalogue/Business-Economy-and-Labour-Market/Businesses/Business-Demography