A global tech firm in North Wales says Welsh Government Covid support has helped protect 40 jobs at the company.
Robertson Geologging Limited, headquartered in Deganwy, manufactures and exports geophysical logging products and services for environmental, mining, oil and gas industries world-wide.
It has received £51,000 from the Economic Resilience Fund (ERF) which it has used to continue operating through the crisis.
They said it has helped safeguard 40 jobs at the company and protect it from the severe impacts of the pandemic.
Simon Garantini, MD at Robertson Geologging, said: “We are grateful for the support provided by the Welsh Government’s Economic Resilience Fund which provided much needed funding during the temporary freeze on nearly all business activity from the pandemic.
“The funds have been used to cover our fixed costs and the increased costs of operating due to coronavirus. This has helped enable the company to move its focus from crisis management to our core business activities of manufacturing and exporting our products and services throughout the world.
“This, in turn, has protected the jobs of our 40 employees, helping us maintain full employment throughout the crisis.”
The ERF, which is part of the Welsh Government’s £1.7bn support package for businesses. To date, more than 12,500 businesses have received financial support worth more than £280m and the fund is known to have helped protect more than 75,000 Welsh jobs.
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Minister for Economy and North Wales, Ken Skates said: “We remain in incredibly challenging economic times, but throughout this crisis we have been clear we want good-quality, thriving businesses to continue to be good-quality, thriving businesses when the coronavirus pandemic is over.
“Robertson Geologging have worked throughout the pandemic and I am delighted we have been able to provide the company with the crucial financial assistance to do so.
“We have provided the support they needed, at a time when they needed it most, helping to protect local jobs.
“We deliberately designed our £500m Economic Resilience Fund to plug gaps left by the 海角视频 Government’s package of business support. As a result, of all the 海角视频 nations, Wales has the highest percentage of businesses entering applications for coronavirus support.
“This is proof that our tailored support is working and reaching businesses, protecting thousands of jobs.”