ROOFERS could be in-line to benefit from a slice of £4.5m of Welsh Government funding to support medium-sized businesses in Wales.
The companies and local authorities set to benefit include Cyfle Business Skills, which has received £86,625 to enable apprentices to receive work experience placements across the construction industry.
Swansea Council has received £26,852 to test a pilot project aimed at maximising opportunities for small businesses to bid for contracted work.
Neath Port Talbot Council has received £100,000 to create a shared tenancy facility and wraparound support for construction businesses in Neath Port Talbot, as well as a further £100,000 to identify local construction suppliers in the borough that could deliver packages of work under £25,000.
The Foundational Economy Challenge Fund aims to support a series of experimental projects which will enable the Welsh Government, with support from partners, to test how the foundational economy as a whole can best be encouraged to grow.
The services and products within the foundational economy provide those basic goods and services on which every citizen relies and which keep us safe, sound and civilized. Estimates suggest they account for four in ten jobs and £1 in every three that we spend.
Anthony Rees, regional manager of Cyfle Building Skills, said: “We are delighted to receive this funding, which will be of huge benefit to our young learners.
“We see this project as providing the crucial, first stepping stone for them into the world of work and the construction industry specifically.
“It will both develop their skills and employment prospects, and provide a boost to the industry at the same time.”
Deputy Minister for Economy Lee Waters said: “Supporting the Foundational Economy is a key priority for the Welsh Government. This is a vitally important part of the economy which makes a big difference to the livelihoods of many people as well as our cities, towns and villages.
“The standard of applications throughout Wales has been so high that we have been able to treble the amount available from the fund to £4.5m, supporting 52 projects.
“The Foundational Economy Challenge Fund is a clear demonstration of our commitment to supporting people in all parts of Wales today, tomorrow and into the future.”