Written question WQ83262
- Asked by
- Janet Finch-SaundersConservative
- To be answered by
- Minister for Economy
- Tabled
- Due
- Answered
- Time to answer
- 8 days
Question
What financial support will be available in August and September 2021 for businesses forced to temporarily close due to COVID-19?
Answer
Answered by Minister for Economy
Wales entered Alert Level 0 on Saturday 7 August, which allowed all businesses and premises to open.
The ERF provided emergency and transition grants of up to £25k to eligible businesses to help meet their operating costs (excluding staff wages) for the period between 1st July 2021 and 31st August 2021. This was the final package of emergency support, unless Wales re-introduces closures or very significant trading restrictions.
Current funding can be accessed through the Development Bank of Wales with loan and equity funding available immediately to Welsh businesses https://developmentbank.wales/.
Looking to the future, the Welsh Government is developing funding options to help businesses develop and grow beyond the pandemic. Further details will be announced on the Business Wales website: https://businesswales.gov.wales/coronavirus-advice
Business Wales also has a wide range of advisory support available. Any business affected is encouraged to visit the Business Wales website https://businesswales.gov.wales or contact the Business Wales helpline on 03000 6 03000. The Business Wales Helpline is available Monday to Friday from 10am to 4pm.