WQ84016 (e) Tabled on 02/12/2021

What action is the Welsh Government taking to support rural post offices in Wales?

Answered by Deputy Minister for Social Partnership | Answered on 09/12/2021

Post Office Limited provides funding aimed at supporting uneconomic post offices across the UK, such as those in rural areas.  In 2021-22, £50m has been made available for this purpose.

Post Office matters are not devolved to the Welsh Government, but local post offices in Wales can access a range of support provided by Business Wales which offers support tailored according to business need. More information can be found at http://businesswales.gov.wales, on social media; or calling the 03000 6 03000 helpline.

The Development Bank of Wales helps Welsh businesses get the finance they need to start up, strengthen and grow. It provides loans from £1,000 up to £10m as well as mezzanine, and equity funding. It also helps businesses find the right finance partner to leverage private finance with its own gap finance when necessary.