Business Funding

Business Funding

Whether you are starting or growing a business, all businesses need money. We can help you secure the right type of funding for your business.

  • Start Up Loans

    Start Up Loans are now available for entrepreneurs looking to start a business in Wales through the Start Up Loans Company.

    The Start Up Loans Company is a UK-wide, government backed scheme, which offers a repayable loan to individuals over the age of 18 who have a viable business but no access to finance. The scheme funds businesses in every sector. As well as financial backing all loan recipients are given access to a mentor, free training events and exclusive business offers.

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    Business funding available from Bridgend CBC:-Bridgend CBC logo

    Kick Start - Available to new businesses or businesses in their first 12 months of trading. Business grants are available between £250 - £1000 and are match funded at a rate of 50% of the project cost. Only capital items are eligible. All sectors are considered for this business grant. 
       

    Special Regeneration Fund (SRF) - Available for start up or existing businesses which operate in a B2B capacity. Business grants are available between £1000 - £5000 and are match funded at a rate of 40% of the project cost.  Only capital items are eligible. Retail businesses are not eligible for this business grant.

    For more information about business grants and business funding from Bridgend CBC contact the Economic Development Unit at Bridgend Council  on 01656 815315 or email business@bridgend.gov.uk

  • Business funding available from Finance Wales:-Finance Wales logo

    Finance Wales is a wholly owned subsidiary of the Welsh Government and manages public and private funds to invest in Welsh SMEs (both B2B and B2C) helping start-ups, early stage and established businesses.
    Finance Wales can provide business funding for a range of needs:
    . Starting a business
    . Growing a business
    . Buying a business
    . Developing technology
    . Short-term business loans
    . Commercial property development loans

    Finance is offered through loans, equity or mezzanine and can range from £1000 up to £2 million per round. Investments can be made across sectors through regionally based Investment Executives.

    With loans we can take full, partial or no security. The security can either be from assets in the business or from personal guarantees.
    Loan repayment terms range from one to five years and interest rates are based on an SME's individual circumstances and fixed for the term of the loan. 

    Finance Wales has specialist teams to deal with different types of investment:
    Micro Loan team - £1,000 - £50,000
    New investments team - £50,000 - £2 million
    Technology Venture Investment team – tech start-ups £50,000 - £2 million 
     
    For more info about investment from Finance Wales please visit the Finance Wales website or contact:
    info@financewales.co.uk or telephone 0800 587 4140. 

  • Business support grants available from RCT Council:-RCT Council logo

    Financial support is available for full-time, existing and start up businesses within RCT to develop their growth potential. NB All applicants will need to demonstrate business growth through job creation as a result of grant support. 
     
    Support is available to assist with the purchase of equipment (including ICT), marketing materials, development of website and the improvement of commercial premises 
     

Existing Business Support Grant Thresholds

Proposed Enterprise Support Programme Thresholds

Minimum grant £500

Minimum grant of £1k for existing businesses and £500 for start ups

Maximum of 3k (minimum of 1 job created) at an intervention rate of 50% for start ups and 40% for existing businesses

 

Maximum of £5k (minimum of 1 job created)

Maximum of £10k (in excess of 2 jobs created)

Intervention rate, based on State Aid regulations, of maximum of 40% for small enterprises (less than 50 employees) and a maximum of 35% for medium size enterprises (50+ employees)

£1.5k maximum for any home based businesses (lower levels imposed to encourage take up of commercial premises)

Same as existing

 

 

 

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    Any businesses interested in submitting an application for a business support grant from RCT Council will need to complete an Expression of Interest in the first instance. For more information please contact our enquiries line on 01443 495169 or email invest@rctcbc.gov.uk