WQ86386 (e) Tabled on 20/10/2022
Further to WQ86385, will the Minister state how much money allocated to provide support to businesses during the COVID-19 pandemic was either unspent or returned to the Welsh Government?
Answered by Minister for Economy | Answered on 01/11/2022
A total of £2.6bn was spent during 2020 to 2022 providing over 300k aid grants to businesses that were impacted by the Covid pandemic. Every eligible business that applied was supported resulting in the budget meeting demand in full.
We accessed covid delivery funding as part of the wider approach taken by the Cabinet. Any unspent funding was used to support other forms of support where take up in one area was less than anticipated.