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  1. ITV Report

Welsh businesses to get an extra £1.7m to help with Brexit

The money comes from the Welsh Government's £50m EU Transition Fund. Credit: PA

Small and medium-sized enterprises in Wales are to get extra money made available to them, to help them deal with Brexit.

The Economy Minister, Ken Skates, has announced an additional £1.7m to weather the challenges and uncertainties they face.

The money comes from the Welsh Government's £50m EU Transition Fund. Through the fund, companies across Wales can bid for between £10,000 and £100,000 of funding, and use it to help pay for things like:

  • Strengthening supply chains
  • Mitigating risks like possible delays at border checks
  • Improve production capability in Wales

I am committed to doing all I can to help Welsh businesses build resilience and prepare for the challenges of Brexit

– Ken Skates AM, Economy Minister