Business News Wales Podcasts

Ken Skates, Minister for Transport and the Economy talks to Mark Powney, Managing Director of Business News Wales about the funding available to businesses across Wales. This is a huge, unprecedented crisis that we're facing, probably the biggest crisis in terms of economic fallout since World War 2. We expect further support to come from U.K. government in the form of a wage subsidy scheme that's absolutely essential in order to keep businesses afloat and to ensure that people have money going into their pockets during this incredibly difficult time. I've spoken with colleagues and counterparts in Westminster about the need for a wage subsidy scheme and I hope that we will hear something in a matter of days. The ideal way of securing the grants would be through local authorities with whom we're in discussion. Our aim is to utilise existing systems rather than develop new application processes that could lead to lengthy applications being made. We want to avoid that. We want the simplest, cleanest way of gett