This new £26m package – an extension to the existing Covid-19
grants scheme announced last month – will support an
additional 2,600 properties with a rateable value of £12,000
or below. This includes charity run shops, sports premises
and community centres which, until now, have not been
eligible for this type of support.
Finance Minister, said:
“We recognise and applaud the huge contribution charities
make to the wellbeing of Wales, its people and communities.
“The package of support I am announcing today will provide
this sector with the vital funds they need to help them
deal with the financial pressures they are facing as a
result of the coronavirus crisis.”
, Economy, Transport and
North Wales Minister, said:
“Our response to this crisis has been guided by the need to
help individuals and organisations from across Welsh
society, including the most vulnerable. Charities play a
crucial role in this and the support we’re announcing today
will help them continue with their vital work. It also
reflects their importance to our economy, their
significance to our society, and their value for our
communities.
“As a government, we have already provided more than half a
billion pounds in relief grants to more than 45,000 small
businesses in Wales and more will benefit in the coming
days and weeks.”
This new funding is another example of the Welsh Government’s
commitment to protecting the most vulnerable in society and
supporting those at the heart of Wales’ foundational economy.
The Development Bank of Wales has already approved 1,142
loans, predominately in the SME sector, safeguarding 11,800
jobs at a cost of over £69 million. Alongside this the
Economic Resilience Fund has provided discretionary grants to
thousands of micro-enterprises or SME businesses – delivering
real money to real businesses!
