Written question WQ84244
- Asked by
- Janet Finch-SaundersConservative
- To be answered by
- Minister for Economy
- Tabled
- Due
- Answered
- Time to answer
- 11 days
Question
Further to WQ84058, will the Minister confirm whether the money set aside for the £35 million fund for relaunch, develop, decarbonisation, and growth has been ring-fenced to ensure its availability for eligible businesses after the present pause?
Answer
Answered by Minister for Economy
As announced in my Written Statement on 23rd December, the £35m Business Development and Recovery Fund has been withdrawn and the funding reallocated to deliver emergency funding as a result of Alert Level 2 restrictions.
Alternative funding can be accessed through the Development Bank of Wales with loan and equity funding available immediately to Welsh businesses https://developmentbank.wales/.
Our Business Wales website has a Business Finance Zone offering specialised guidance and information to help people identify appropriate finance, as well as a Finance Locator https://businesswales.gov.wales/businessfinance/