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BIG Wales

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Grant Finder

Finance for setting up or expanding a business is available from various government and support organisations, as well as banks and financial institutions. The level of finance will depend on the viability and potential of the business, location, type of business, and export potential. Always check out what grants might be available to you first - BEFORE you undertake the work.

Business Eye
Business Eye can help you look for business support. Visit the website or telephone: 08457 96 97 98

Contact your local council
Local authorities have a range of grants on offer to small businesses. Check your phone book, or search our Who to Contact in Wales directory.

NEW GRANT SCHEME IN WALES
From 1 April 2002, SMEs investing in Wales will be able to benefit from a new grant scheme from the Welsh Assembly. The 'Assembly Investment Grant' will provide grants of between £5001 and £50000 pounds to businesses investing or creating jobs in Wales. The 'Assembly Investment Grant' forms part of a simplified package of support that will soon be available, co-ordinated by the Welsh Assembly, the Welsh Development Agency (WDA), ELWa and the Welsh Local Government Association. First Minister, Rhodri Morgan, said, "This is a major step forwards in simplifying and integrating business support schemes in Wales, with the aim of ensuring that Welsh enterprises have the best business support environment that we can provide."

J4B
A new grants portal for the UK. Free to use, easy to navigate and seems to cover a very wide range of schemes. Well worth a look.

ICAEW
A good listing of Grants & Business Finance Links from the Library of the Institute of Chartered Accountants.

Wales Tourist Board
WTB can provide financial assistance for capital projects. Eligible tourism businesses include hotels, self-catering apartments/cottages, restaurants, caravan and camping parks, attractions and activity centres. WTB can also assist projects that improve the tourism infrastructure of the locality.

HELP Wales
Helps companies improve efficiency, develop new products and explore new market potential. From product design to process innovation, and web design to developing a marketing plan. Grants for up to 50% of the total cost of the project. The maximum value grant available is £10,000. Available to all SMEs in the objective 1, 2 and transitional areas of Wales.

International Trade Fund
WalesTrade International offer grants to help small and medium sized companies to develop business overseas through the recently launched International Trade Fund. The Fund provides up to 50% towards the implementation cost of an export marketing activity, up to a maximum grant of £4000 in any 12-month period. Examples of eligibility include export marketing research and consultancy, overseas travel and initial business visits, and overseas promotional activities.

Regional Selective Assistance
A discretionary grant from the National Assembly for Wales for businesses making capital investments that would create or safeguard jobs in the Assisted Areas of Wales.

Welsh European Funding Office
This is the place to start to find out about European funding such as Objective One. WEFO was set up as an executive agency of the National Assembly for Wales to manage all aspects of European Structural Fund Programmes in Wales, the Rural Development Plan and the Local Regeneration Fund. Information on all approved projects, the latest news, and a good set of links to other relevant websites.
June 2002: Business Eye have a list of Objective One projects which are helping entrepreneurs.

Wales EIC Grantfinder
A service from the European Information Centre to discover whether there is a potential source of grant income from EU and UK sources for clients' proposed projects. Full reports are £75 + VAT each.

EU Funding for SMEs
The Government's Small Business Service (SBS) has produced a series of guidance notes to help small to medium sized enterprises (SMEs) in England to identify potentially helpful sources of European Union (EU) support funding.

Funding from the European Union
The publication Funding from the European Union is currently being revised; a new edition will be published this summer (2001). This European Commission UK website lists some useful sources of information.

EU Grants and Loans
The European Union's Grants and Loans site.

Cultural Enterprise
The specialist support service for cultural & creative businesses in Wales. The site contains a good range of funding information sources.

Arts Council of Wales
New programme of funding for 2002-2007, which includes Welsh language schemes, Professional Development Training, Capital Building & Development Funds and the ‘Creative Wales’ Awards.

Welsh Language Board
Various grants, including a Small Grants Scheme for producing bilingual materials.

Innovation support in Wales
See our page of links on help & funding for innovation.



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