Brexit Resilience Fund available for Powys businesses
14 December 2018
Businesses in Powys have an opportunity to apply for funding to help them adapt to the changes in a post-Brexit Welsh economy. The Welsh Government has launched a £1million Brexit Resilience Fund which is available to Welsh businesses.
Business Wales is offering eligible businesses the opportunity to apply for funding of between £10,000 and £100,000 up to 50% of project costs. The Brexit Resilience Fund aims to:
- develop capacity
- improve processes
- retain competitiveness
- safeguard jobs
- guarantee the trade flows between Wales and the rest of the world.
To apply, businesses must:
- be registered to trade in Wales.
- register with Business Wales and complete the Brexit Toolkit on application
- be able to demonstrate that the funding will contribute to safeguarding jobs
- have been trading for 12 months or more on the day of application.
Now Powys County Council are urging small and medium-sized enterprises to consider applying for the fund.
Cllr Martin Weale, Powys County Council's Cabinet Member for Regeneration, said: "This funding from the Welsh Government is welcomed and would be of benefit to Powys businesses, who will need to adapt to changes in the post-Brexit Welsh economy.
"If your business meets the above criteria and has a project in mind that would help you build resilience and cope with the changes you may face post Brexit, this fund is for you and I would urge small and medium-sized businesses to consider applying."
The Business Wales Brexit Resilience Fund is open to applications until 31 March 2020, funds permitting.