What consideration has the Cabinet Secretary given to allowing SMEs that have been awarded contracts for difference, low-cost capital to assist with the upfront costs required to deliver their projects successfully in Wales?
Answered by Cabinet Secretary for Economy, Energy and Welsh Language
| Answered on 15/05/2024
The Contracts for Difference (CfD) scheme is actively supported and championed through procurement support, provided through programmes such as Sell 2 Wales and Business Wales. However, we do not provide direct financial government support to SMEs involved in delivering projects awarded funding under the CfD schemes, as this could have a negative impact on the amount of funding they are able to access from the CfD scheme, thus not delivering any added value.