New £1.5m fund for small business capital projects opens.
The Welsh Government has announced that it is inviting applications for funding from the £1.5 million SME Small Capital Investment Grant fund – but you will have to be quick to be in with a chance to apply.
The funding is designed for capital projects that aim to encourage investment to support the creation and safeguarding of jobs but is only available until January next year.
The SME Small Capital Investment Grant is open to eligible small and medium sized enterprises (SMEs) in Wales. Businesses have until 20th January 2014 to bid for grants of between £5,000 and £25,000 towards the cost of their project at an intervention rate of up to 50%. Match funding is available for projects costing between £5,000 and £25,000.
The fund is managed by the Business Wales one stop shop service. In order to access the grant, you will need to contact a Business Wales Business Advisor as soon as possible. Further information can be found on the Business Wales website or by contacting the Business Wales Helpline on 03000 6 03000.