Financial support is often a critical factor for businesses on the move. We encourage business growth by identifying sources of support and funding in areas such as skills development, academic collaboration and business expansion.
Businesses in Wales can access commercial finance from a variety of sources. A number of financial institutions operate in Wales such as the Development Bank of Wales which provides commercial finance through loans, venture capital packages and introductions to investors through Angels Invest Wales.
The Welsh Government can provide business finance across a number of sectors including advanced materials, manufacturing, creative industries, energy and environment, ICT and life sciences. Consideration is also given to businesses in other sectors on a case by case basis.
The Tourism Investment Support Scheme is available for the purpose of upgrading the quality of facilities and increasing capacity for both existing and new tourism businesses.
The Community Economic Development Programme aims to build sustainable and vibrant communities through the development of community based organisations, who generate income through trading and have a legal structure and social objectives.