First Economic Resilience Fund grants to be paid to businesses and being paused at midday TODAY

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27 April 2020


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First Economic Resilience Fund grants to be paid to businesses and being paused at midday TODAY

Businesses and organisations which have successfully applied to the Welsh Government’s £500m Economic Resilience Fund will start receiving grant payments by the end of the week, Economy, Transport and North Wales Minister Ken Skates has announced.

Since it opened to applications a week ago, the second phase of the fund has received almost 9,000 requests for support.

Due to the scale of demand, the Welsh Government increased the amount of funding for this phase to £300m. Around 700 applications are being appraised daily, with the first batch now approved for payment.

Please note that the fund is being paused at midday TODAY (Monday 27 April) following the very large number of applications.

The Economy Minister said this will give the Welsh Government an opportunity to consider what further support businesses, charities and social enterprises in need. Read more here.


Business Wales is providing businesses with tailored support and advice about dealing with coronavirus, from financial and supply chain planning to advice on staffing issues. We would advise Tourism businesses and stakeholders in Wales wanting specific guidance to visit the Business Wales website or call Business Wales helpline on 03000 6 03000, and to regularly visit the Public Health Wales website for up-to-date public health information for you, your staff and your visitors.


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