Welsh Government support for local businesses across the Bridgend constituency

At this week’s FMQs, MS for Bridgend Carwyn Jones asked the First Minister Mark Drakeford what support has the Welsh Government provided to businesses in Bridgend during the coronavirus pandemic.

In response to Mr Jones, Mr Drakeford indicated that four hundred and seventy-four micro and small and medium-sized enterprises in Bridgend have been awarded funding through the Wales-only economic resilience fund, totalling £88.1 million, with at least 2,500 jobs safeguarded up until the present time.

Businesses in Bridgend

At this week’s FMQs, I asked the First Minister Mark Drakeford what support has the Welsh Government provided to businesses in Bridgend during the coronavirus pandemic. Mr Drakeford said that four hundred and seventy-four Bridgend micro and small and medium-sized enterprises have been awarded funding through the Wales-only economic resilience fund, totalling £88.1 million, with at least 2,500 jobs safeguarded up until the present time.Following the very welcome announcement by the Economy and Transport Minister Ken Skates recently about additional funding for the third phase of the economic resilience fund, I asked the FM how businesses across my constituency might go about accessing that funding and accessing help, and what sort of sums might they reasonably expect to receive as a result of those applications.To watch the full clip, please watch the below

Posted by Carwyn Jones on Friday, October 2, 2020

Across Wales, the Welsh Government’s bespoke Economic Resilience Fund (ERF) has helped to protect more than 100,000 jobs during the coronavirus pandemic. Indeed, to date, the fund has delivered almost £300m of support to more than 13,000 companies in Wales, which has been vital in helping businesses manage the challenges and economic impacts of coronavirus.

The ERF is part of the Welsh Government’s £1.7bn support package for businesses, which complements and builds on the help available from the UK Government.

Mr Jones said “There is no doubt that the ERF has been a much needed lifeline for businesses not just across my constituency but the length and breadth of Wales. It has not only saved many jobs but livelihoods. Businesses in Bridgend and across Wales will be very pleased to hear the announcement this week, from the Minister for Economy and Transport, of extra funding for businesses across Wales as they continue to face the challenges of coronavirus. I further asked the FM how businesses across my Bridgend constituency might go about accessing that funding and accessing help, and what sort of sums might they reasonably expect to receive as a result of those applications.”

“In response to my questions, Mr Drakeford indicated to me that that the eligibility checker for this latest phase would open soon, on the 5 October. He also added that microbusinesses would be able to apply for up to £10,000; SMEs will be able to apply for up to £150,000; and large businesses will be able to apply for up to £200,000. I would encourage all those businesses who having seen the detail, to find out if they are eligible for funding”.



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