Additional £121 million funding announced for Welsh businesses to help with Brexit

Economy Minister, Ken Skates has announced an additional £121m of funding as part of the Welsh Government’s commitment to helping businesses of all sizes develop and invest for the future as they navigate the challenges of Brexit.

The funding will be delivered by the Development Bank of Wales

  •  £16.2m for micro loans of between £1,000 and £50,000 for established and start-up businesses
  • £50m for a dedicated Tourism fund
  • £55m for commercial property to encourage SME developers to invest in Wales and the commercial market.
Posted on: Friday 29th March 2019