Covid-19: ‘Businesses are being made to wait too long for next phase of the Economic Resilience Fund’

Speaking during the virtual Welsh Parliament session today (May 20) on how the Welsh economy can recover from the Coronavirus pandemic and lockdown, the Shadow Minister for Business and Economy – Russell George MS – questioned why Phase 2 of the Economic Resilience Fund will not open for applications until mid- or late-June.

Mr George said:

“We Welsh Conservatives broadly welcomed the introduction of the Welsh Government Economic Resilience Fund, and I am especially pleased on behalf of many businesses I have had conversations with that there will be changes to the eligibility criteria, something I have been calling for. 

“However, the Minister has said today that Phase 2 will not be launched for a further four to six weeks. I was disappointed with this delay. 

“This is because the businesses I am in conversation with tell me that they will be in a significantly worse position in a month’s time than the one they are now in, so I am calling for the launch of Phase 2 to be brought forward to protect them and the Welsh economy.”