All of the funding sources listed below are relevant to new business start-ups. The links will provide you with further information on the funding along with the criteria for applying.
Innov plus is available to anyone aged 18+. The grant can cover up to 50% of your start up costs up to a maximum of £1000.
Financial support for businesses up to 24 months old. Grants of up to 100% of eligible project costs to a maximum of £500.
There are a number of different funding sources available for SMEs and securing the right source can be complex. The Business Wales Finance Locator will help you to find the most suitable funding source for your business venture.
UK Steel Enterprise Ltd (UKSE) is the wholly owned subsidiary of Tata Steel tasked with the responsibility of helping the economic regeneration of communities affected by changes in the steel industry.
The start-up loans scheme offers low cost, unsecured loans of between £1,000 and £25,000 (the average loan is £4,500) at a fixed interest rate, currently 6%.
The Enterprise Finance Guarantee (EFG) is a loan guarantee scheme to facilitate lending to viable businesses that have been turned down for a normal commercial loan due to a lack of security or a proven track record.
For unemployed persons between the ages of 18 and 30, the Prince's Trust administers a 'Will it Work' grant of up to £250 and a low interest loan of up to £2,500.
The Development Bank of Wales offer a number of different finance options for start-up and early stage businesses. These include micro loans from £1,000 to £50,000 and investment opportunities from £50,000 upwards.