Paul Slevin, President of Chambers Wales, said:
“SMEs are the lifeblood of Welsh business and play a vital role in the growth of our economy. This multi-million-pound commitment to specifically support small and medium sized businesses in Wales is a welcome investment to enable future growth, particularly after the challenges of operating throughout the pandemic.
“We understand that the fund will be delivered through the British Business Bank and it is essential that we now receive clarity on eligibility criteria, funding channels and how to access support to ensure that as many SMEs as possible can benefit from this funding opportunity.
“We look forward to speaking with industry leaders over the coming weeks to better understand the implications of the budget for their business and how we can assist them to unlock their growth potential.”