News > Financial

01st April 2020

Development Bank Launches £100m Covid-19 Wales Business Loan Scheme

The Development Bank of Wales have launched a £100 million fund to support businesses in Wales affected by the Covid-19 outbreak. Business News Wales MD Mark Powney spoke with Giles Thorley, Chief Executive of the Development Bank, about the launch of this new fund. Limited companies, partnerships and sole traders trading for longer than two…

01st April 2020

£20M of Support for Cardiff Businesses Distributed In Four Days

Support worth £20m has been distributed to Cardiff businesses in grant aid in the past four days as part of a council Covid-19 rescue package. Some 1,300 companies applied for the aid, which is being administered by the council in Cardiff on behalf of Welsh Government. It follows Welsh Government’s announcement last week of a…

31st March 2020

Additional £500m Fund Announced to Support More Welsh Firms

The Welsh Government has announced a new £500m fund to provide extra support to the Welsh economy, businesses and charities experiencing a sharp drop in trading as a result of the coronavirus pandemic. Business News Wales spoke to the Economy Minister Ken Skates about the new fund, asking when and where can business access this…

30th March 2020

UK Pledges £544 Million to Find Coronavirus Vaccine

The UK government has pledged an additional £210 million of support to accelerate work to find a coronavirus vaccine, in an announcement following a virtual summit of G20 leaders. The UK has now pledged £544 million in total which makes it the biggest contributor to Coalition for Epidemic Preparedness Innovations (CEPI) – the international coalition…

30th March 2020

Urgent Call for People to Support the NHS, Retailers and Manufacturers

The coronavirus outbreak has sparked an urgent call for people to help essential services like the NHS and food retailers meet the intense demands upon them. Recruitment agencies have answered the call by working round the clock to find workers who can fill the gaps. Health boards across the Cardiff Capital Region are in urgent…

25th March 2020

Covid-19 – Verde Corporate Finance: Understanding CBILS, the Coronavirus Business Interruption Loan Scheme

The below update is published by Craig Blackmore, Director of Verde Corporate Finance, part of the GS-Verde Group, to ensure business are aware of the latest measures being put in place by the Government to support small businesses.

25th March 2020

£500,000 Fund for Firms who Come up with Digital Support Solutions

£500,000 of funding is available for technology companies who come up with digital support solutions for people who need to stay at home because of coronavirus. The funding will be available to innovators who can find digital ways to support people who need help during the coronavirus (COVID-19) outbreak. The ‘Techforce19’ challenge aims to support…

20th March 2020

Life science businesses react to chancellor’s first Budget

Businesses and organisations in the life science sector have been reacting to the Budget from chancellor Rishi Sunak. Measures announced include a £5 billion emergency response fund following the Coronavirus outbreak as well as measures to support research and development. Karl Barnfather, chairman of European intellectual property firm, Withers & Rogers, said: “This Budget provided further fiscal encouragement…

28th February 2020

£6.5m for new digital service for cancer care in Wales

On World Cancer Day, Health Minister Vaughan Gething has announced £6.5m for a new digital service for cancer care in Wales. The new system will replace the one currently used by cancer centres in Wales. By integrating with local and national NHS Wales digital services, people in Wales can be assured that their cancer care…

19th February 2020

£250k Investment Boost for Award Winning Biotesting Business

An award winning company that has developed an at-home blood testing kit for athletes has been boosted with a £250,000 investment.