What enterprise grants can be found in Wales?
Wales is a gorgeous nation with inspiring surroundings, fantastic hospitality and leisure actions and a proud industrial heritage. However past the picture-postcard Wales are areas of financial deprivation, which the Welsh authorities and native authorities are eager to deal with.
Providing enterprise grants to corporations in Wales is one option to encourage start-ups and the self-employed to advertise financial exercise and stimulate employment.
Whether or not you’re located in dramatic Snowdonia, city Swansea, or wherever in-between, if you happen to already run a small enterprise in Wales – or need to begin one – then you may be eligible for a spread of grants.
>See additionally: Enterprise grants for ladies
Are there any enterprise grants in Wales?
Sure, there are many enterprise grants in Wales.
A grant is a sum of cash given to a person or enterprise for a selected enterprise challenge or function.
Enterprise grants in Wales normally cowl solely a part of the overall prices concerned.
Grants could also be linked to enterprise exercise, employment creation or a selected business sector. Some grants are linked to geographic areas, e.g., these in want of financial regeneration.
Grants are both out there solely in particular areas of Wales or can be found throughout all the nation.
What’s it: The grant is aimed toward supporting new companies from six months as much as three years previous to develop and broaden. How a lot: As much as £2,500 to cowl as much as 50 per cent of prices. Who can apply: Assist for individuals who are within the early phases of start-ups within the Blaenau Gwent space. Learn how to apply: Extra particulars concerning the Blaenau Gwent Kick Begin Plus could be discovered right here.
What’s it: It is a versatile grant scheme delivered via a partnership with UK Metal Enterprise and Bridgend County Borough Council.It supplies monetary help to new or present micro-businesses which are positioned, or are planning to find, in Bridgend County Borough.A micro-business is one which has fewer than ten staff and a turnover or stability sheet complete of lower than £2 million.
Eligible prices may embody:Capital equipmentComputer equipmentDevelopment of websitesBuilding works to enterprise premises
Solely a most of 5 gadgets per software might be thought of.
How a lot: The minimal grant is £250 and the utmost grant out there is £4,000 so the utmost challenge value is £8,000 (excluding VAT).
The grant can present as much as 50 per cent of eligible tasks prices. Who can apply: New start-ups and companies throughout the first three years of buying and selling could also be thought of.
The enterprise should be positioned inside Bridgend County Borough. Learn how to apply: Discover out extra data at
What’s it: The Enterprise Improvement Grant is funded by the UK Authorities Shared Prosperity Fund (UKSPF) and can assist companies in Bridgend County Borough to diversify, decarbonise and develop.
How a lot: Gives 50 per cent of eligible capital tasks prices. The minimal grant is £5,000 and the utmost grant out there is £25,000 (excluding VAT). So, the utmost challenge value is £50,000 (excluding VAT). Who can apply: • Sole merchants, Partnerships, Restricted Corporations, Co-operatives and Restricted Legal responsibility Partnerships, Registered Social Enterprise or Charity are eligible to use• Has an working turnover in final 3 years above the present VAT threshold (£90,000) • A longtime enterprise that has been buying and selling greater than 3 years • Bridgend County Borough enterprise tackle• An SME (fewer than 250 staff and an annual turnover below €50 million) Learn how to apply: Discover out extra data at
What’s it: The Educational-Trade Partnerships programme is collectively funded by the UK Authorities’s Shared Prosperity Fund and Cardiff Capital Area (CCR).The programme is delivered in partnership between College of South Wales, Cardiff College and Cardiff Metropolitan College.
The programme goals to convey collectively business and academia to establish modern options to enterprise challenges, significantly for small and medium-sized enterprises.
Key outcomes of the programme will embody:– Enterprises adopting new or improved services or products, or new to agency applied sciences and processes– Improved high quality of operations, elevated gross sales and entry to new markets, and elevated profitability How a lot: Taking part companies might be supported with as much as £14,000 of funding.
The programme has capability to assist 25 companies.
The programme requires 10 per cent match funding from micro or small enterprises and 25 per cent match funding from medium and huge enterprises. Who can apply: Functions might be accepted from companies working inside Cardiff Capital Area and aligned with the next precedence sectors:– MedTech– Cyber safety– Inventive industries– Compound semiconductor– FinTech
The programme will associate profitable companies with the related educational analysis establishments, with the intention to equip them with the data and experience to allow viable tasks that ship each enterprise progress and financial affect for the area.
Learn how to apply: Assist could also be accessed at any time.The net Expression of Curiosity type could be discovered on the College of South Wales web site.
What’s it? A Information Switch Partnership is a grant that will help you develop an modern concept if you happen to would not have sufficient in-house experience to take action. The price of a KTP is similar to using a well-qualified graduate in your organization, with Innovate UK overlaying two thirds of the associated fee.
How a lot? Venture growth prices can differ however can sometimes might be round £80,000 to £100,000 for every year of growth. For small and medium-sized enterprises the grant fee is 67 per cent of the challenge value; for giant corporations 50 per cent.
Learn how to apply: Discover out extra concerning the eligibility standards for KTP right here
What’s it: This enterprise growth grant is to assist corporations to start out up a enterprise for the primary time. Enterprise start-ups in all enterprise sectors could also be thought of. How a lot? As much as 50 per cent of eligible challenge prices to a most of £500.
Eligible prices may embody:
– Capital gear– ICT gear– Improvement of internet sites– Advertising– Constructing works to enterprise premises– Coaching Who can apply: The applicant should be organising the enterprise within the Caerphilly County Borough. Learn how to apply: The applicant should present a marketing strategy with a minimal of one-year money circulation forecast and projected revenue and loss. Two comparable quotes are additionally required for every capital merchandise required. The enterprise should present full time employment for the applicant (min. 30 hours).
Not less than one of many homeowners or administrators should be employed full time within the enterprise.
Contact Enterprise Enterprise Renewal Group for additional data.
What’s it: Funding is obtainable from Caerphilly County Borough Council to assist small and medium-sized enterprises in Caerphilly to assist them develop and develop. How a lot? £10,000 Funding is for use for prices comparable to: · Enterprise planning· Feasibility research· One-off advertising and marketing prices· Web sites and e-commerce websites· Capital gear· IT {hardware} and software program· Property and infrastructure enhancements to business, industrial and retail premises Who can apply: The fund is aimed toward sole dealer start-ups and small and medium sized enterprises with fewer than 250 staff. Learn how to apply: Begin-up companies might want to submit a marketing strategy and software type right here. Current companies will even must submit buying and selling accounts.
What’s it: Grants for companies in Carmarthenshire in direction of the acquisition of renewable vitality methods for enterprise premises. How a lot: Grants of between £1,000 and £10,000 can be found, overlaying a most of fifty per cent of complete challenge prices. Who can apply: The funding is meant to assist native companies to be sustainable and to assist them to develop and prosper whereas serving to them on their internet zero carbon journey. Assist is aimed primarily at present companies, working in, or servicing the next sectors: – Superior supplies and manufacturing– Development– Inventive industries– Vitality and atmosphere– Finance {and professional} companies– Data know-how and telecoms– Life sciences– Meals & drink– Tourism– Retail– Care Candidates should both personal the freehold or maintain a lease with a seven-year minimal interval remaining after the ultimate grant fee date. Candidates should safe their landlord’s written consent for the proposed works. Learn how to apply: Functions might be thought of on a first-come, first-served foundation till the fund is totally allotted. Steering notes and the expression of curiosity type could be discovered right here.
Grant at present paused – will reopen shortly
What’s it? Ceredigion County Council has secured funding alongside Powys County Council from the Welsh Governments’ Reworking Cities Programme to assist assist capital funding to regenerate quite a lot of our cities throughout Mid Wales. The Reworking Cities Place Making Grant provides assist for a variety of tasks, from inexperienced infrastructure developments to inner and exterior business and residential enhancements for enterprise homeowners.
How a lot? As much as £250,000 per challenge
Who can apply: The scheme is open to personal companies, together with builders, third sector companies, and the general public sector. It’s not out there to personal people.
Learn how to apply: Candidates can talk about potential tasks with their native challenge officer who can advise whether or not the challenge could possibly be eligible and assist with the expression of curiosity course of.
What’s it: The Denbighshire Industrial Property Improvement Grant is open to business properties primarily based in one of many eight principal city and metropolis centres within the county which have proposed challenge(s) to develop and improve their property and the City Centre. Properties should be throughout the city or metropolis centre boundaries of one of many following:
– Corwen– Denbigh– Llangollen– Prestatyn– Rhuddlan– Rhyl– Ruthin– St Asaph
The challenge should match into the next standards:– Particular person Venture grant awards might be restricted to £50k per software with a minimal of £5,000– There might be a 30 per cent match funding requirement from the applicant– The fund is obtainable to the freehold homeowners of the property, or occupiers who maintain a lease with seven years or extra remaining at date of software, and who’ve secured their landlord’s written consent to the proposed works How a lot: Grants between £5,000 and £50,000 can be found to enhance or develop a business property. Who can apply: Functions are accepted from companies primarily based in Denbighshire.
Learn how to apply: Discover out extra data right here.
What’s it: The City Centre Actions and Occasions Grant (TCAEG) has been established to assist the prosperity of the city centres by organising occasions and actions that convey extra individuals to the city centre. We acknowledge that city centre companies have, and proceed to, face an economically difficult time so by boosting exercise within the city centre will profit the companies with elevated footfall. How a lot: Grants of between £500 and £10,000 can be found, to fund as much as 80% of complete challenge prices. Who can apply: The proposed exercise and occasions could possibly be artistic and vary from giant occasions to small actions. Learn how to apply: The primary stage is to contact the Regeneration Group by electronic mail on [email protected] to debate your software. The Regeneration Group will guarantee that you’re totally knowledgeable and supported all through the method.
The Regeneration Group can present an software type and occasion steerage – these are additionally out there on the Council’s web site right here:
What’s it: Grants of as much as £5,000 can be found to ship actions and enhance entry at customer associated occasions in Monmouthshire. How a lot: As much as £5,000 Who can apply: Candidates seeking to enhance accessibility at customer associated occasions and occasion actions in Monmouthshire. Learn how to apply: Fill within the type on-line right here
What’s it: Funding, assist and recommendation out there to individuals aged 18 who’re beginning, creating or rising a enterprise in Neath Port Talbot. The funding can be utilized for all capital prices (excluding automobiles) in addition to pre-start prices together with inventory, overheads and advertising and marketing. How a lot: As much as 50 per cent of eligible start-up prices up tp £1,000 Who can apply: Younger entrepreneurs primarily based in Neath Port Talbot. Learn how to apply: Extra data could be discovered that on the Innov8 web site.
What’s it? The funding offered below the programme is to help new start-up companies to grow to be established and to supply full time or half time employment for the applicant.
Candidates might declare as much as £5,000 to assist with start-up prices. This might be match funded at:– 100 per cent for as much as £2,000,– 50 per cent for between £2,000-£5,000
Who can apply: Funds are discretionary. Functions might be thought of on a case-by-case foundation after assessing the grant eligibility standards and the advantages of the grant to the enterprise.
Learn how to apply: There’s a two stage on-line software course of:– Expression of Curiosity– Utility
To debate your proposed challenge please electronic mail [email protected]
What’s it: Via the Welsh authorities’s Reworking Cities programme, Newport Metropolis Council has secured funding to ship a programme of placemaking tasks to boost the town centre. Who can apply: – Property proprietor– Leaseholder– City centre enterprise– Investor Learn how to apply: Contact the crew by emailing [email protected] to debate eligibility standards and funding availability in additional element.
What’s it: Assist for companies to recruit somebody who has just lately been made redundant to cowl a few of the prices of their wages. How a lot: As much as £4,000 in quarterly instalments for the primary 12 months. Who can apply: The individual you want to recruit should be aged 20 or over, disabled and both: – Be below formal Discover of Redundancy or be inside six months of the date of redundancy or– An ex-offender or an offender who’s serving their sentence locally Learn how to apply: You may apply for an employer’s grant to recruit any individual out of labor right here.
What’s it: The purpose of the BGG is to assist sustainable native enterprise to arrange, develop and diversify, contributing to making a vibrant and powerful native economic system.
You need to use it on capital expenditure, comparable to:– Capital gear, plant or equipment– Inner renovation works for business properties– Vitality effectivity / carbon discount measures– New web site growth
Income prices will not be eligible as a part of this grant.
How a lot:
Enterprises primarily based in business premisesMinimum grant: £2,000Maximum grant: £15,000
Enterprises primarily based in residential premises:Minimal grant: £1,000Maximum grant: £2,000
Most of 75 per cent contribution in direction of eligible challenge prices (excluding VAT). Who can apply:
– Function throughout the County Borough space of Rhondda Cynon Taf and be classed as a start-up or present enterprise (each personal and social enterprise)– Be a Full time Small and Medium Measurement Enterprise (SME) with fewer than 250 staff– Have both an annual turnover not exceeding €50 million or an annual stability sheet not exceeding €43 million– Pay both Council Tax or Nationwide Non Home Charges (together with exemption) to Rhondda Cynon Taf County Borough Council Learn how to apply: Extra data on the Enterprise Progress Grant could be discovered right here.
What’s it? It is a grant with the target of supporting enterprise progress via introduction of a brand new services or products within the Swansea space. The grant can fund prices together with however not restricted to gear, IT methods and equipment.
How a lot? The utmost grant out there is £50,000 primarily based at an higher restrict of £5,000 per job created and/or safeguarded.
Who can apply: All candidates might be required to supply a marketing strategy/abstract and a 12-month cashflow forecast.
Learn how to apply: For additional particulars and to request an software type, please electronic mail [email protected].
What’s it: It is a grant with the purpose of supporting enterprise progress via Innovation. For companies seeking to develop new merchandise, innovation or processes to assist innovation and progress throughout the enterprise.
Initiatives will encourage a larger stage of enterprise innovation, assist enterprise to develop modern product and course of options to boost their progress and competitiveness. How a lot: Funding of as much as £10,000 can now be utilized for; all funding should be match-funded at 50 per cent by the enterprise making use of Who can apply: Companies in Swansea Learn how to apply: For additional particulars and to request an software type, please electronic mail [email protected].
What’s it: It is a grant with the target of enabling companies in Swansea to work in direction of internet zero carbon. The grant can fund prices together with renewable vitality technology, vitality conservation measures and adjustments to manufacturing processes which end in carbon discount; candidates should be capable of calculate their forecast carbon financial savings. How a lot: The utmost grant out there is £10,000, with 50 per cent match funding. Who can apply: Established enterprise in Swansea. All candidates might be required to supply a marketing strategy/abstract and 12-month money circulation forecast. Learn how to apply: E mail [email protected]
What’s it? It is a grant with the target of supporting start-up companies within the Swansea space. The grant is obtainable to pre-start companies solely and might fund prices together with however not restricted to gear, coaching, accreditation and advertising and marketing.
How a lot? The utmost grant out there is £10,000. The fund provides as much as 95 per cent of the challenge prices for the primary £1,000 of expenditure and 50 per cent for expenditure between £1,000 – £10,000. All candidates might be required to supply a marketing strategy and a 12-month money circulation forecast.
Learn how to apply: For additional particulars and to request an software type, please electronic mail [email protected].
What’s it? A grant scheme in partnership with UK Metal Enterprise Ltd providing as much as £500 for brand new start-ups or companies that are below two years previous within the Swansea Council space.
How a lot? As much as £500. Nevertheless, the grant will solely cowl 50 per cent of the eligible challenge prices and the minimal grant payable is £250.
Who can apply: Grant funding covers gadgets comparable to gear, {qualifications}, accountancy, software program, internet growth and instruments.
Learn how to apply: The funding pot is proscribed and might be allotted on a primary come, first served foundation. For additional particulars, please contact [email protected].
What’s it? The Younger Particular person’s Begin Up Grant might be out there as much as Might 31, 2025 to allow younger individuals not in schooling, employment or coaching to start out their very own enterprise, create a social enterprise, grow to be self-employed, a freelancer or social entrepreneur in Wales.
How a lot? A grant of as much as £2,000
Who can apply? It’s out there to assist younger individuals below the age of 25, residing or returning to Wales to grow to be self-employed. The enterprise case might want to reveal that it has the potential to grow to be the principle supply of revenue. Candidates want to satisfy one of many following standards:– You should be unemployed and / or not in schooling or coaching– At present working half time (below 16 hours) with the intention to grow to be full time self-employed– Nonetheless in schooling however intend to grow to be self-employed inside 3 months of finishing the course.
Learn how to apply? Extra data is obtainable right here
Associated:
A whole record of Scottish enterprise grants – Right here, we offer data on the Scottish enterprise grants that would assist your organization develop and flourish
150 UK small enterprise grants to use for proper now – UPDATED – In want of some funding in your small enterprise? These grants ought to provide you with a lift, wherever you’re primarily based within the UK.
