July 25, 2024

Chambers Wales comments on Energy Support Plan for Businesses

Responding to the release of further details from Government on the energy support plan for businesses, Paul Slevin, Executive Chair of Chambers Wales South East, South West and Mid, said:

“We welcome the support for businesses announced by the Government, and hope it will go some way to easing the worries of business owners across Wales and the rest of the UK as we move in to the winter period.

“While we are reassured by the proposed three month review, we sincerely hope that this will lead to an extension of support for businesses that so desperately need it, and who are already facing crippling cost increases across the board.

“While last week’s announcement may safeguard businesses throughout the winter, a longer-term plan is desperately needed. Businesses need certainty to allow them to plan ahead in what is currently an incredibly uncertain landscape. Without the ability to plan ahead, we fear that Welsh businesses will not have the confidence to invest or grow, but we will continue to work closely with our members to ensure that they are able to access all the help available to them to safeguard their place in the Welsh economy.”