Cymraeg

SME Growth Fund

12/09/2016 00:00:00

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The Welsh Government has announced £5 million of funding to support SMEs in Wales to create and safeguard jobs.

The fund will support Welsh businesses looking to grow and increase employment, and will prioritise those who are seeking to start or increase exporting and exploiting superfast broadband.

There are two separate element to the fund. The first element of the fund (£2 million) will be available between September 2016 and March 2017. Eligible costs are capital costs. Applications must be completed and received by the 30 January, 2017 and clients must have purchased and paid for the asset in full by 31 March, 2017.

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

The second pot of funding (£3 million) will be delivered between 2017/2018 (further information about this fund will follow).

For more information on the fund contact the Business Wales Helpline team using the contact us form or call 03000 6 03000.