New Repayable Fund available to SMEs
13 April 2016
News from Welsh Government:
New Repayable Fund offers repayable finance of between £50,000 and £500,000 to SMEs to help them grow and create jobs. The fund is focused on supporting businesses within the Welsh Government key sectors, which are:
- Advanced materials and manufacturing
- Creative industries
- Energy and environment
- Financial and professional services
- Information communication and technology
- Life sciences
However, projects that are outside these sectors and are of strategic value to the Welsh economy may be considered.
Social Enterprises can be eligible for support, providing the project is profitable and the profits are reinvested in the business. In addition, the majority of project funding must originate from the private sector and the business must be self sustaining after initial grant support. You will need to demonstrate a need for funding.
For more information on the fund contact the Business Wales Helpline team using the contact us form or call them on 30000 6 03000.
Following an offer and acceptance Finance Wales will collect repayments on Welsh Government’s behalf.