Supporting the Pontypridd Area

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 1:59 pm on 25 November 2020.

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Photo of Rebecca Evans Rebecca Evans Labour 1:59, 25 November 2020

Well, I do have to tell the Member that 2,379 payments worth over £7 million have been made from the lockdown business fund, covering over 22,000 jobs. A total of 750 micro and small and medium-sized enterprise businesses have been awarded funding through the economic resilience fund, totalling £11.6 million, and 707 payments worth over £1.9 million so far have been made from the ERF phase 3 lockdown business fund. And these are all relating to businesses in RCT. And through the COVID-19 non-domestic business rates grant, a total of 3,767 awards have been processed to businesses, totalling £43.8 million. And, of course, the Development Bank of Wales has been busy lending to businesses in RCT and has provided over £6 million to 66 businesses, safeguarding 900 jobs. So, Welsh Government has been very effective and busy in supporting businesses in RCT, as you'll see from the figures there. Clearly, we want to do more, and we want to better understand the particular challenges relating to the ERF phase 3, and I have constant discussions with the Minister for economy and transport regarding future funding and future support for business.