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

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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 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.

Posted on: Monday 27th April 2020