Part of 1. Questions to the Minister for Economy – in the Senedd at 2:06 pm on 14 December 2022.
Thank you very much. As we all know, small businesses are the backbone of our rural economy. However, the cost-of-living crisis has been a significant blow to them, with a recent report by the Federation of Small Businesses noting that 63 per cent of small businesses have seen energy costs increasing over the past year—two out of every five have seen their costs more than doubling.
Now, Mid and West Wales has a particularly high number of off-grid businesses that are dependent on LPG or oil for heating, and are therefore vulnerable to price variance in the market. For example, Caws Teifi—a notable cheese producer in Ceredigion—has experienced LPG prices increasing from 40p per litre to 80p per litre, and the total costs for energy on an annual basis have increased from £20,000 to £40,000. So, whilst rural businesses face these huge increases, the Westminster Government has only earmarked a pitiful sum of £150 to support off-grid businesses. So, as small businesses face an uncertain future, what support can the Welsh Government provide to assist off-grid businesses this winter?