The Welsh Government has formally launched a £6 million Brexit Resilience Fund which is available to Welsh businesses, to help them adapt to the changes in a post-Brexit Welsh economy. This fund builds on the success of the previous Welsh Government Brexit Resilience fund, delivered by Business Wales.
£5m of loan funding will be available from the Development Bank of Wales to support businesses with capital investment projects and £1m capital grant fund administered through Business Wales will be co-invested as an integrated offer alongside the Development Banks loan.
Business Wales is offering eligible businesses the opportunity to apply for funding of between £10,000 and £50,000 up to 20% of project costs.
The grant is offered in conjunction with a loan from the Development Bank of Wales.
- develop capacity
- improve processes
- retain competitiveness
- safeguard jobs
- guarantee the trade flows between Wales and the rest of the world