Published: 8th Apr 2020

A £100m business loan scheme to help firms during the coronavirus crisis has been fully subscribed within its first week.  The Covid-19 Wales Business Loan Scheme was launched on 30 March as part of a £500m package to help businesses during the pandemic.  The Welsh Government announced today (8 April) that the loan scheme received 1,500 applications in just one week and is now fully subscribed. The scheme is being managed by the Development Bank of Wales (DBW) and ministers said the first loans will reach applicants by the end of this week.  ‘The level of demand in just over one week is clear proof that this was the right product at the right time,’ said Welsh economy, transport and north Wales minister, Ken Skates.  ‘Whilst DBW would normally expect to complete around 400 investments over the course of a year, in little over a week they have received a … (To read the full article, subscribe below)