Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what support he is providing to small builders in North Wales.

Whilst policy relating to construction is a devolved matter, my Rt. Hon. Friend Mr Chancellor of the Exchequer has announced a £330 billion support package of Government-backed and guaranteed loans so as to help businesses to access finance, including those in Wales.

Measures include the Coronavirus Business Interruption Loan Scheme (CBILS), which enables small and medium-sized enterprises, with a turnover of up to £45 million, to access vital financial support. This is available to businesses in Wales via high street banks and the Development Bank of Wales. The Chancellor has extended the CBILS so that all viable businesses affected by COVID-19, and not just those unable to secure regular commercial financing, will now be eligible should they need finance to keep operating during this difficult time. In addition, we announced the Bounce Back Loans Scheme, which provides loans of up to £50,000 to benefit small businesses with a 100% Government-backed guarantee for lenders.

The Welsh Government has announced a new £500 million Welsh fund which will support firms of all sizes, including social enterprises.