The Cost-of-living Crisis

Part of 1. Questions to the Minister for Economy – in the Senedd at 1:59 pm on 16 February 2022.

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Photo of Natasha Asghar Natasha Asghar Conservative 1:59, 16 February 2022

Minister, a vital component of any strategy to help tackle the cost of living is to ensure the Welsh Government's economic policy supports businesses, allowing them to keep people in jobs. The latest tracker survey of small and medium enterprises in Wales, conducted by the Association of Chartered Certified Accountants, shows that over one third of Welsh SMEs are hopeful about growth ambitions in the next six months. However, Minister, 81 per cent of Welsh SMEs are unaware of the finance options available to them.  So, Minister, what action will you be taking to ensure SMEs in Wales are aware of the support available to provide them with the resources that they need to overcome the current pressure on their cash flows? Thank you.