Cymraeg

Growth and Prosperity Fund

11/10/2016 00:00:00

The Welsh Government has formally launched £5 million Growth and Prosperity Funding to support SMEs in Wales to create and safeguard jobs.

The fund is a non-repayable grant fund and will support Welsh businesses to grow and increase employment, and will prioritise those who are seeking to start or increase exporting and exploiting superfast broadband.

The fund is available in 2 phases. The first element of the fund (£2 million) will be available for smaller projects between September 2016 and March 2017. Eligible costs are capital costs. 

Companies will receive up to 50% match funding between £5,000 and £50,000 with this being the maximum amount of support.

For more information on the fund contact the Business Wales Helpline on 03000 6 03000.

Phase 2 of the Growth and Prosperity Fund is now open for Expression of Interest.

Businesses applying for this second element of funding (£3 million) will need to show they will be able to raise the majority of funding from the private sector and projects will need to be complete by March 2018.

Companies will receive between £50,000 and £500,000 with this being the maximum amount of support.

For more information, click here: http://bit.ly/2dGuzJL

 

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