Half a billion pounds of relief grants has reached 41,000 small businesses in Wales in the space of a few weeks.
Minister for Economy, Transport and North Wales Ken Skates and Finance Minister Rebecca Evans thanked local authorities throughout Wales for their hard work to swiftly process grant payments during the coronavirus pandemic.
This impressive effort has seen £508m move from government to businesses in the last month.
Despite this there remains some businesses unable to access support or still waiting for grants to arrive.
One business owner who has been supported said he feared his business would have been in danger without the grant money he has received.
Neil Gompertz of GPZ Automotive in Flintshire said: "You have no idea how much this is such a huge relief to me, I was so afraid that I would lose my business of 27 years.
"I am immensely grateful and appreciate everything that is being done to help keep small businesses going through this terribly sad time."
Retail, leisure and hospitality businesses in Wales occupying properties with a rateable value of between £12,001 and £51,000 have received a grant of £25,000.
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And a £10,000 grant has been paid to firms, which are eligible for small business rates relief and have a rateable value of £12,000 or less.
All eligible businesses will also benefit from a year-long rates holiday.
Work to process outstanding applications is continuing and more companies are receiving emergency coronavirus grants daily.
They said the £1.7bn package of support in Wales, which includes the Economic Resilience Fund, goes over and above what is available to businesses in England.
Economy, Transport and North Wales Minister Ken Skates said: "This funding will be vital in helping firms in Wales deal with the impact of the coronavirus pandemic.
“We have also recognised that firms need to be able to access financial support quickly, which is why, working with local authorities, we have made every effort to get this money into the bank accounts of businesses across Wales as quickly as possible.
“We have moved quickly to support our business community and while we have done much to support companies across Wales, we still need the 海角视频 Government to go further and provide the additional financial support Welsh firms need to protect jobs, get through this crisis and recover to pre-coronavirus levels of growth.”
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Finance Minister Rebecca Evans said: “We are doing everything we can within the resources we have to protect our economy.
"What the Welsh Government is providing in terms of business support represents 2.7% of our GDP – this is a truly unprecedented commitment and a clear demonstration that we are standing up for businesses in all parts of Wales."
Welsh Local Government Association finance spokesperson, Councillor Anthony Hunt said: “ The astonishing amount of money distributed so far not only demonstrates the real need for this support, but also bears testament to the dedication of council staff. "
Chair of Cowbridge Chamber of Trade, Kate Thomas said: "We were very grateful to the Welsh Government for their prompt action in issuing grants to businesses and removing their rates burden.
That combined with financial help to pay staff's self-isolation sickness and furlough staff has been a life-saver for many businesses. We hope to see this support continue, to make sure as many businesses survive this crisis as possible.”