Business: Wales

(asked on 30th October 2020) - View Source

Question to the Wales Office:

To ask the Secretary of State for Wales, what recent discussions he has had with the first Minister of Wales on financial support for businesses during covid-19 restrictions; and if he will make a statement.


Answered by
Simon Hart Portrait
Simon Hart
Parliamentary Secretary to the Treasury (Chief Whip)
This question was answered on 6th November 2020

I have regular discussions with the First Minister of Wales and his Ministerial team on our governments’ responses to Covid-19.

Over the past eight months of this crisis, the UK Government and the Welsh Government have worked together co-operatively on measures to help people in Wales get through the Covid outbreak.

The UK Government has guaranteed £5 billion in further funding to the Welsh Government to support its response to the virus. In addition to the extra funding our Coronavirus Business Loan Scheme has supported over 1,600 Welsh businesses, our Coronavirus Job Retention Scheme (CJRS) has protected over 401,000 jobs, our Self-Employed Income Support Scheme has helped over 108,000 self-employed people and we have backed 48,000 bounce back loans.

The Government’s extension of CJRS to the end of March further demonstrates that we are taking the steps needed to provide further financial support to protect jobs and businesses in Wales and right across the UK.

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