Welsh Conservatives have welcomed the announcement of an additional £227 million from HM Treasury to support Welsh businesses battered by lockdowns brought in in an effort to tackle the Covid 19 pandemic.
Russell George MS, the Shadow Minister for Economy, Business and Infrastructure, said it is vital that the money is allocated quickly and where needed, adding:
“Further lockdowns are of course not the new year anyone wanted, but it’s imperative that all measures are taken to prevent the spread of the virus – especially this new variant – but the devastating effect of these lockdowns on our economies must be softened by measures like the ones Rishi Sunak has introduced over nearly 10 months.
“That’s why we welcome this additional £227m, but we also make very clear that it’s up to the Welsh Labour-led Government to make sure this money from HM Treasury is made available and accessible to businesses with immediate effect.
“Many businesses are now on their knees, and the usual delays by the Labour government, as we saw before Christmas, in making funds available will just drive businesses and businesspeople further into the ground.”
Since the start of the pandemic, the UK Government has supported Wales with an extra £5.427 billion to fight Covid 19.
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