SIF Grant Support

How much grant may be available?
Consultancy Support grants in Wales offer a mechanism to help businesses access consultancy support to help their businesses grow and develop.
These can be up to 100% of the consultancy costs.

Most businesses in Wales are eligible for consultancy support. However, each application is assessed on its own merits and support will be offered based on the quality of the project, value for money and the potential impact on the economy. Certain business are exempt, for example, retail.

How can the grant help my business?

  • Business Mentoring
  • Market Research and Planning
  • Business Planning
  • Specialist Projects
  • Employment Mentoring

Am I eligible?
Assisted Areas are the most economically disadvantaged areas where regional aid for economic development may be granted under European Community Law. The scheme is discretionary and the grants in Wales if offered will relate to individual circumstances, including the location of the project and will always be the minimum amount needed for the project to proceed.

Business Planning
A business plan is essential for your enterprise. For your business expansion, the business plan is the roadmap for this future development. It is a key document when you are looking for business funding in Wales - whether applying for a simple overdraft or looking for new investment or capital.
The business plan helps potential funders understand your vision and goals for the business, how you are going to spend the invested or borrowed money, and how this will benefit the business and potential funding providers in Wales. It is the first source of information that most providers of funding or grants in Wales see about a company and is crucial in getting their attention and interest.

Market Planning
As a Marketing Plan is a key part of your business success, it forms a major part of the Business Plan. You need to decide which customers to target. You need to work out how you will reach and win new customers. You need to make sure that you keep existing customers happy. And you need to keep reviewing and improving everything you do to stay ahead of the competition.

To find out if you are eligible contact us.