Will the Minister confirm that business owners and company directors operating as a micro-business in Wales will be supported by the recently announced Welsh Government Economic Resilience Fund?
Businesses have already started to receive monies from Welsh Local Authorities for the Small Business Grant, which will be vital in helping them deal with the impact of the virus. We made a commitment to cut the red tape and get funds out to businesses quickly and I am pleased we are doing exactly that. To find out more about how qualifying businesses can access a grant, you should visit the relevant local authority’s web page. The link for Monmouthshire is https://www.monmouthshire.gov.uk/business-advice/.
Under the Economic Resilience Fund, grants of £10,000 will be available for micro-businesses employing up to nine people. This includes sole traders employing staff. https://businesswales.gov.wales/financial-support-and-grants