Further to WQ84058, will the Minister confirm whether the money set aside for the £35 million fund for relaunch, develop, decarbonisation, and growth has been ring-fenced to ensure its availability for eligible businesses after the present pause?
As announced in my Written Statement on 23rd December, the £35m Business Development and Recovery Fund has been withdrawn and the funding reallocated to deliver emergency funding as a result of Alert Level 2 restrictions.
Alternative funding can be accessed through the Development Bank of Wales with loan and equity funding available immediately to Welsh businesses https://developmentbank.wales/.
Our Business Wales website has a Business Finance Zone offering specialised guidance and information to help people identify appropriate finance, as well as a Finance Locator https://businesswales.gov.wales/businessfinance/