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Welsh Business News – Start-up grants for new businesses from £5m Welsh Government pot | #WelshBiz #WelshBizNews

A START-UP grant to support new businesses dealing with the severe impact of the coronavirus has been announced by First Minister Mark Drakeford. The fund will be worth £5m initially, with flexibility for the future. It will support start-up firms, which fall outside the UK Government’s Self Employment Income Support Scheme (SEISS) as they only began trading in 2019. Applications for this grant will open on Monday (June 29), at the same time as phase two of the Economic Resilience Fund opens to applications. Mr Drakeford said that the announcement “will help to support new businesses in Wales which are
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