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Financial Support for Business

Access to finance can be an important aspect to starting and growing your business.Ìý We work closely alongside a range of partners to provide access to financial support.

The availability of funding can change on a regular basis so please continue to monitor this page for regular updates – or register on the ÌìÃÀ´«Ã½ Business Hub to sign up for direct updates on financial and non-financial business support initiatives.

Grants managed by ÌìÃÀ´«Ã½ CBCs Business & Innovation Team

Business Start-up Grant

Grant funding is available to pre-start businesses and can fund costs including but not limited to equipment, training, accreditations, and marketing.

The grant is discretionary and may provide up to 75% of eligible expenditure, to a maximum of £1,000 support.Ìý

All applicants will be required to provide a robust business plan including a 12-month cash flow forecast.

For further details and to check eligibility

Kick Start Plus Grant

The grant is aimed at supporting businesses from 6 months to 3 years.Ìý Funding is available to all businesses based within ÌìÃÀ´«Ã½.

The grant is discretionary and may provide up to 50% of eligible expenditure, to a maximum of £2,500 of support.Ìý The minimum grant payable is £250.

Eligible expenditure includes ICT, Marketing, Website Development, Training and Accreditation costs.Ìý Other costs may be considered if ways of adding value to the business can be demonstrated.ÌýÌý

For further details and to check eligibility

This project is funding by UKSE.

Business Development Grant

The grant aims to support the growth and development of Small Medium Enterprise (SMEs) based within ÌìÃÀ´«Ã½.Ìý Funding is available to all sectors providing the project meets one or more of the key project deliverables.Ìý

The grant is discretionary and may provide up to 50% of eligible expenditure, to a maximum of £50,000 of support (up to £25,000 capital costs and up to £25,000 revenue costs).Ìý The minimum grant payable is £2,500.

The grant can fund costs including but not limited to machinery and equipment, systems which reduce carbon footprint and improve efficiencies, training, accreditations, marketing, consultancy fees.Ìý

All applicants will be required to provide financial information and any other information required to support their application.

For further details and to check eligibility

This project is funded by the UK Governments Shared Prosperity Fund.

Social Enterprise Grant

The grant aims to support the growth and development of new and existing Social Enterprises within the Borough for both Capital & Revenue costs over the next two years (2023 -2025).

The grant is discretionary and may provide up to 50% of eligible expenditure for both capital and revenue projects.Ìý The maximum grant will depend on the level of budget available at the time of applications.Ìý The minimum grant payable is £2,500.

The grant can fund costs including but not limited to machinery and equipment, systems which reduce carbon footprint and improve efficiencies, staff costs for new employees, training – online and in person, social media support, accreditations, marketing, consultancy fees.Ìý

All applicants will be required to provide financial information and any other information required to support their application.

For further details and to check eligibility ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

This project is funded by the UK Governments Shared Prosperity Fund.

Overview of Grant Support

The below table provides an overview of the above grant support schemes.

ÌýContact Information

Business & Innovation TeamÌý

Tel: 01495 369496
Email: business@blaenau-gwent.gov.uk