Covid-19 Wales Business Loan Scheme
April 3, 2020
As a project set up to help businesses and academics protect and commercialise their intellectual property (IP), AgorIP is aware of the challenges that are being presented to the economy in the current climate. Therefore, we want to help in any way possible to support businesses, SMEs, the NHS, the Welsh Government and Swansea University during this difficult time.
The £100m Covid-19 Wales Business Loan Scheme has been set up by the Welsh Government and the Development bank of Wales to support businesses affected by the Covid-19 outbreak.
The Scheme will be available from the Development Bank of Wales for a limited period. It is intended to provide support to businesses who are experiencing cash flow difficulties as a result of the pandemic.
The loan scheme will work alongside the UK wide Coronavirus Business Interruption Loan Scheme, other Welsh Government and UK Government support offers, providing more vital options for Welsh businesses.
- Loans between £5,000 to £250,000 (maximum loan levels apply)
- 12 month capital and interest repayment holiday
- No arrangement or monitoring fees
- Two per cent fixed interest for six years (including the 12 month holiday)
- Partially secured lending depending on the side of the loan
Who can apply?
All Wales based SMEs who have been trading two years or longer including sole traders and partnerships.
Further details on the fund and how to apply can be found here.
If you need further information, please email [email protected]AgorIP, Coronavirus, COVID-19, Development Bank of Wales, Swansea University, WEFO, Welsh Government