North Wales businesses urged to apply for latest Welsh Government funding scheme
Written by admin on 21/04/2020
Businesses urged to apply for latest Welsh Government funding scheme
Denbighshire businesses are being encouraged to take advantage of a Welsh Government funding scheme.
The Economic Resilience Fund has been created to address gaps not currently met by schemes previously announced by the UK Government, Welsh Government and the Development Bank of Wales, and is a unique additional funding stream for Wales.
The current phase of the fund, worth £300million, is targeted at microbusinesses, SMEs and large businesses of critical social or economic importance to Wales.
Cllr Hugh Evans OBE, Leader of Denbighshire County Council and Lead Member for the Economy, said: “I would encourage Denbighshire businesses to take advantage of this fund as soon as possible.
“This is additional support on offer from the Welsh Government and covers some of those businesses not previously eligible. The funding is limited, so it is vital Denbighshire businesses make their applications as soon as they can.
“We have been working with the Welsh Government to ensure the county’s businesses are being heard at this time and that the right support is being made available.”
More than 6,000 grant applications were received by the Welsh Government within the first 24 hours of this phase of the fund, which offers grants of up to £10,000 for micro-enterprises and up to £100,000 for SMEs and is designed to get money to businesses with the minimum of delay.
To apply visit https://fundchecker.businesswales.gov.wales/