Part of 1. Questions to the Minister for Economy and Transport and North Wales – in the Senedd at 2:29 pm on 7 October 2020.
It sounds a really innovative scheme that that business has developed. I know that cinemas all across the UK are struggling, but hopefully in the case the Member has identified they'll be very successful. The whole purpose of the third phase of the economic resilience fund is to provide support through short periods of restrictions—but also through the business development grant to help businesses adjust and adapt to coronavirus and to Brexit. So, those business development grants are going to be awarded to businesses that have plans for survival and also plans to thrive after coronavirus, and to adapt. Those grants could be very significant indeed: £10,000 for small and microbusinesses, then grants of up to £150,000 for medium-sized enterprises, and £200,000 for larger employers—all designed to assist businesses in adapting to coronavirus and to the new reality that we now face.