Swansea’s Senedd Members are welcoming the latest figures which show that thousands of businesses across Swansea have benefitted from Welsh Government financial support.
Rebecca Evans MS, Member of the Senedd for Gower, said: “The pandemic is both a health and economic crisis, and local businesses tell me what an incredibly difficult period this has been. More than 4,000 Swansea businesses operating from a business premises have received much-needed grants worth more than £50m.”
Mike Hedges MS, Member of the Senedd for Swansea East, said: “The Economic Resilience Fund has also been important in helping see businesses through the worst of the pandemic. So far, more than £27m has been awarded to 4,600 businesses in Swansea.”
On the 30 November the First Minister announced a £340m package of support directed primarily at the hospitality, tourism and related supply chain sectors. The purpose of the fund is to support businesses into the new year with cash flow support to help them survive the economic consequences of the restrictions put in place.
Julie James MS, Member of the Senedd for Swansea West, said: “Alongside the grants and rates support, the Welsh Government is providing loans to businesses through the Development Bank of Wales’ Covid-19 Wales Business Loan Scheme. More than £6m has been provided to 93 local businesses, and this has helped to safeguard 1,444 jobs here in Swansea.”