News > Financial

29th April 2020

£500 Million of Support Reaches Welsh Businesses

Half a billion pounds of relief grants has reached 41,000 small businesses in Wales in the space of just a few weeks. Ministers Ken Skates and Rebecca Evans have congratulated local authorities throughout Wales for their hard work to swiftly process grant payments, ensuring small businesses receive speedy help to deal with the impact of…

29th April 2020

Development Bank Updates On COVID-19 Loan Scheme Progress

Almost 600 businesses across Wales have been awarded funding totalling £36m by the Development Bank of Wales since the Covid-19 Wales Business Loan Scheme was launched. The £36m approved to date includes 533 loans of less than £100,000 and 222 of which are less than £25,000. With more than 80 per cent of applications processed…

23rd April 2020

Welsh Government Releases Additional £100m Business Support

The latest phase of the Welsh Government’s Economic Resilience Fund has benefited from the release of a further £100million from ministers within 72 hours of launch, due to a massive demand. More than 6,000 grant applications from small and medium sized businesses and social enterprises were received within 24 hours of the launch on Friday…

23rd April 2020

New £1.25bn Support Fund Open to Welsh Businesses Driving Innovation

Welsh businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion UK Government support package, the Chancellor has announced this morning. Rishi Sunak said the targeted and tailored help would ensure firms in some of the most dynamic sectors of the UK economy – ranging from tech to life…

23rd April 2020

Second phase of resilience funds opens for applications

The second phase of the Welsh Government’s £500m Economic Resilience Fund is now open for applications. The first stage saw the £100m Development Bank of Wales‘ loan scheme fully subscribed in little more than a week with applications currently being processed. The fund offers further financial support in dealing with coronavirus crisis and will be…

22nd April 2020

Billion pound support package for innovative firms hit by coronavirus

UK businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion government support package.
16th April 2020

£100M Development Bank of Wales Loan Scheme Fully Subscribed

The Covid-19 Wales Business Loan Scheme is fully subscribed after more than 1,500 applications were received in just over one week. The £100 million scheme was launched by the First Minister on Monday 30 March as part of the Welsh Government’s £500 million Economic Resilience Fund to support businesses in dealing with coronavirus outbreak. The first loans were approved…

16th April 2020

£20m Competition for Businesses with Ideas to Help Society in the Covid-19 Pandemic

Welsh businesses with innovative ideas that will help the country in the wake of the coronavirus pandemic can now enter a competition to get all their project costs paid. UK registered businesses can apply for a share of a £20m fund to respond to new and urgent needs in UK and global communities during and…

16th April 2020

Welsh Government Receives New £350m Fund to Tackle Coronavirus

The UK Government has committed a further £350m to support the devolved administration in Wales tackle coronavirus, Chancellor Rishi Sunak has announced. As a result of a boost to the Coronavirus emergency response fund, the devolved administration in Wales will receive an additional £350 million on top of the £250 million allocated from the £5 billion fund. This…

06th April 2020

Life Sciences Hub Wales Calls for Industry Collaboration to Fight Coronavirus

Wales’ leading organisation for healthcare innovation is calling on companies and innovators from across the country to join the fight against coronavirus. Life Sciences Hub Wales is leading industry efforts to combat COVID-19 by launching a nation-wide drive to get companies from a range of sectors working together on solutions. Having already received interest from…