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PRIVACY
Economic Development

Tourism giants secure more than £2m in Covid funding from Welsh Government

Companies like Zip World, Bluestone and Bourne Leisure have benefited from the Economic Resilience Fund

Economy minister Ken Skates at Zip World(Image: Welsh Government)

The Welsh Government’s Economic Resilience Fund (ERF) has provided support of more than £2 million to some of the largest key tourism companies in Wales.

Economy minister Ken Skates last week visited one of the fund recipients, Zip World, which reopened two of its three sites earlier this week.

Sean Taylor, founder of Zip World, said: “We’ve welcomed the support and hard work from all the team at the Welsh Government during this crisis.

“We thank them for their continued effort to safely get the visitor economy back up and running again and for recognising the significance of our brand to the local North Wales economy."

Zip World Titan in Blaenau Ffestiniog(Image: Zip World)

The ERF, which is part of the Welsh Government’s £1.7bn support package for business, is providing significant financial support to companies across Wales and complements the support provided by the º£½ÇÊÓÆµ Government. To date, it has provided more than 8,200 businesses with financial support worth more than £230m.

Other large tourism companies which have received ERF funding include Bourne Leisure; Bluestone and JH Leeke, which operates the Vale Resort.

Mr Skates, said: “Since the start of the pandemic, we have worked hard in Wales to reprioritise our budgets and repurpose funding wherever we can to make sure financial support is available where it is needed most – and quickly.

“Our package of support goes above and beyond what is available elsewhere in the º£½ÇÊÓÆµ, and I am proud the Economic Resilience Fund is helping thousands of businesses deal with immediate issues critical to their survival and to safeguard jobs.