Important Coronavirus update from the Development Bank of Wales
Thursday, 19 March 2020
Posted by Blaenau Gwent
Important Coronavirus update from the Development Bank of Wales
With the Covid 19 pandemic causing almost hourly changes for businesses and public services, we wanted to share what support we can offer to companies here in Wales.
The Development Bank of Wales is offering a three-month payment holiday for existing customers impacted by the virus which they can request here.
We are aware that there has been some confusion with information shared to you yesterday regarding the recent UK Government announcement of a Coronavirus Business Interruption Loan Scheme. This scheme is being managed through the British Business Bank and is not being offered through the Development Bank of Wales. You can find out more details about the Coronavirus Business interruption Scheme directly from the British Business Bank.
We want to assure you that the information on our website is up-to-date and reflects the support packages available to the Welsh business community.
You can also visit the Business Wales Covid 19 support page for information on help with business rates and other measures being taken by the Welsh Government.