Ynys Môn Businesses to Receive Nearly £40 Million Boost From UK Government

Britain's Chancellor of the Exchequer Rishi Sunak speaks at a news conference addressing the government's response to the novel coronavirus COVID-19 outbreak, inside 10 Downing Street in London on March 17, 2020 - Britain on Tuesday, March 17, ramped up its response to the escalating coronavirus outbreak after the government imposed unprecedented peacetime measures prompted by scientific advice that infections and deaths would spiral without drastic action. (Photo by Matt Dunham / POOL / AFP) (Photo by MATT DUNHAM/POOL/AFP via Getty Images)

Ynys Môn MP Virginia Crosbie today took to the House of Commons chamber to discuss the importance of the UK Government’s Coronavirus Business Interruption Loan Scheme to businesses on the island. 

The scheme by the Government, combined with the Bounce Back Loans have contributed almost £40 million to well over 1,000 businesses across the island. 

In her speech Ms Crosbie said “For many people across the United Kingdom, this year has brought great hardship and significant challenges.   Whatever our individual circumstances, each one of us will have had times in the past nine months when it has felt hard to be optimistic about a brighter future.

“However, despite the challenges the nation has faced, this Government has not given up.”

Ms Crosbie spoke in detail about Orthios Eco Parks who have applied for loans to significantly expand their operations to generate electricity from imported plant waste. This loan will enable the company to expand and create over 100 new high-skilled jobs in the new year. 

Speaking about the help the company has had from the UK Government, the company’s CEO Sean McCormick said “This year has been a challenge for businesses like ours in Anglesey. But we at Orthios Eco Parks are appreciative of the support available from the UK Government. It will assist in the generation and retention of jobs and provide a springboard for the future of the Eco Park”.

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