Small Business Grants in Wales

There is a range of small business grants in Wales available to help growing companies in the region. Find out how much you could potentially claim for your business.

Brean Horne Published on 22 June 2022.
Small Business Grants in Wales

Business grants are a sum of money you can claim to support your company without having to pay it back. There is a range of business grants in Wales available for companies that operate in the region. Here, we highlight the different types of grants currently on offer and explain how much you might be able to claim.

Business Grants Wales

Wales Tourism Investment Fund

Eligible regions: Wales

Sectors: Tourism

Amount: £100,000 to £5,000,000 blended grant and loan

Details: This fund focuses on boosting capital investment into the Welsh tourism industry to create a positive impact on the sector and the regional economy. It is a mix of a grant and a loan, so businesses will need to pay back some of the money they receive, usually over a period of between 10 and 15 years. Businesses can invest the money into upgrading or creating new, high-quality assets that help to boost Wales’s image and offer benefits to the economy and the region as a whole.

ReAct+

Eligible regions: Wales

Sectors: (Small and medium-sized enterprises (SMEs)

Amount: Up to £3,000 in quarterly instalments for the first 12 months; up to £1,000 for job-related training

Details: Businesses that recruit someone who has recently been made redundant can access funding to cover the costs of some of their wages. The scheme aims to help people get back into work quickly, and it is hoped businesses will receive other benefits from employing them in addition to the funding, such as improved productivity and having a trained, skilled workforce.

Business Grants North Wales

Conwy Business Support Grant

Eligible regions: Conwy

Sectors: Social enterprises, farm diversification, retail/wholesale, tourism, services (This is not an exhaustive list.)

Amount: £200 to £1,500 to cover 50% of project costs

Details: If a Conwy business has a planned project that will result in extra staff and increased turnover, then it may be eligible for this grant. It can be used to buy capital equipment (including IT hardware), marketing material, specialist training, and pay other professional fees that will help a business achieve its desired outcome.

Community Toilet Grant Scheme

Eligible regions: Gwynedd County

Sectors: SMEs

Amount: Up to £500

Details: Businesses within Gwynedd County can receive up to £500 from the local council if they open up their toilet facilities to the general public. There is currently a waiting list to join this scheme.

ISO Grant Scheme

Eligible regions: Gwynedd County

Sectors: SMEs

Amount: Cost of consultant

Details: SMEs can use this business funding to help them gain ISO accreditations that will demonstrate their products, services, and systems are safe and of a good quality. The money will pay for the cost of a consultant to work with the business to achieve the standard needed for accreditation, although it will not pay for the certification itself.

Business Grants South Wales

BG Effect Business Fund

Eligible regions: Blaenau Gwent

Sectors: Start ups

Amount: Up to £1,000 to cover 80% of costs

Details: This start-up business grant aims to help new enterprises develop and achieve their growth objectives, whether that’s by funding expert advice and support, necessary equipment purchases, marketing materials, or business location costs.

Blaenau Gwent Kick Start Plus

Eligible regions: Blaenau Gwent

Sectors: SMEs that are six months to three years old

Amount: Up to £1,000 to cover up to 50% of costs

Details: Established to complement the start up grant, this Kick Start grant aims to help businesses develop and expand further. Eligible costs of this fund include marketing, website development, IT, and training.

Bridgend Special Regeneration Fund

Eligible regions: Bridgend

Sectors: Start ups and SMEs, primarily business to business (B2B)

Amount: £1,000 to £5,000 to cover up to 40% of costs

Details: This grant is designed to help businesses to grow and develop. The grant can fund various activities including capital equipment purchases, website development, and premises improvements.

Caerphilly Business Start-up Grant

Eligible regions: Caerphilly

Sectors: Start ups

Amount: Up to £500 to cover up to 50% of costs

Details: Individuals in Caerphilly wanting to set up a business may be able to receive support from this start up business grant. Funding can be used to help new businesses grow and develop, by contributing to the costs of equipment, IT equipment, web development, marketing, building works, and other costs incurred from starting a business.

Caerphilly Enterprise Fund

Eligible regions: Caerphilly

Sectors: SMEs, start ups, community organisations

Amount: Up to £2,000 to cover 45% of expenditure (revenue); up to £10,000 to cover 50% of costs (capital)

Details: Businesses can apply for funding for both capital and revenue costs, including external and internal building works, feasibility studies, marketing, and IT equipment. Applicants must demonstrate how their funded project would bring economic, social, cultural, and environmental benefits to Caerphilly.

Carmarthenshire Rural Enterprises Fund

Eligible regions: Carmarthenshire

Sectors: Rural enterprises

Amount: Up to £100,000 (£20,000 per job created or to cover 25% to 45% of costs, whichever is lower)

Details: This grant helps rural businesses fund development projects for their premises that will ultimately safeguard and/or create employment opportunities in the region.

Enterprise Investment Fund

Eligible regions: Rhondda Cynon Taf

Sectors: SMEs, start ups

Amount: £1,500 to £10,000 (commercial premises); £500 to £1,500 (home-based premises) to cover up to 50% of costs

Details: The Enterprise Investment Fund aims to support economic growth across Rhondda Cynon Taf by helping businesses to expand and achieve its growth plans.

Property Enhancement Development Grant

Eligible regions: Swansea city centre, Morriston town centre

Sectors: SMEs

Amount: Up to 40% of costs

Details: This scheme focuses on improving the appearance of commercial premises and on finding occupants for vacant and derelict properties. The amount of funding that organisations can receive will vary on a case-by-case basis, with possible areas that the money can be used on including shop fronts, roofs, floors, ceilings, signage, wiring, and others.

Alternative ways to finance your business

There are several alternatives to finance your business if you’re unable to secure a grant.

For example, crowdfunding can help you raise funds from the public directly, while peer-to-peer lending lets you borrow from a pool of investors.

It’s also possible to finance your business by using an angel investor in return for a share of your company.

Traditional business loans can also give you access to funds to help expand your company.

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Image source: Getty Images

About the author:

Brean is a personal finance writer at NerdWallet. She covers a range of financial topics and has written for consumer titles including Which?, Moneywise and The Motley Fool. Read more

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