‘New level of urgency for businesses’
The Federation of Small Business Wales has urged the Welsh Government to engage closely with Wales’ business community following the Christmas lockdown announcement and take whatever steps possible to help them navigate this latest storm.
FSB Wales policy chair Ben Francis said:
Closing down businesses now, when non-essential retail and hospitality firms are trying desperately to maximise whatever opportunities they can from the pre-Christmas period (ordinarily their most important time of year), is nothing short of devastating for thousands of businesses across Wales.
[Saturday’s] announcement means that many businesses will be left with substantial stock that reflects a financial liability for them, and we will be looking to speak to Welsh Government about how businesses can be supported in the coming days.
This situation creates a new level of urgency for businesses to receive funding from Welsh Government upon which they will be heavily reliant. Welsh Government must respond by bringing forwards payment of the fund that was outlined yesterday in order to help businesses survive.