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.

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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.


  Ultimate Finance is giving the UK’s SMEs the accessible funding they need to succeed. We’re supporting businesses with finance that is fast, flexible and fair. Our unique portfolio of products enables us to tailor solutions that meet the needs of our customers and free them from the headache of funding. Cash Advance, Ultimate Loan, Invoice Finance, Asset Finance, Trade Finance, Bridging Loan, Construction Finance & Recruitment Finance.
 

Business in Focus Limited is an independent introducer to Ultimate Finance plc and we will receive commission on any successful purchase of products from Ultimate Finance plc through our introduction.  Full details of commissions payable will be disclosed to you by Ultimate Finance plc before any product is purchased.  Business in Focus Limited is not advising you as to whether the products offered by Ultimate Finance plc are the best and most suitable product for your company at this time so you should make your own enquiries. This arrangement does not affect our advice to your business or impact our independence.

Please complete the short form below with your details and someone from the Ultimate Finance team will be in touch shortly.

 

The Development Bank of Wales

The Development Bank of Wales helps businesses get the capital they need to start up, strengthen and grow. There’s funding available for businesses at every growth stage. If you’re eligible and ready for investment, you have lots of options.

Finance ranges from £1,000 up to £5 million with both loans and equity available. And you can repay the money over periods of up to 10 years, giving you the time and space you need to reach your potential.

Over the next five years, the Bank will invest over £400 million. It will also treble the availability of micro finance. When private sector investment and the funding available to homebuyers through Help To Buy – Wales is taken into account, the Bank is aiming to have a billion-pound impact on the Welsh economy.

The Development Bank of Wales can provide finance for a range of needs including:
. Starting a business, including a technology business
. Growing a business
. Buying a business


Find out more at developmentbank.wales.


Business start up grants available from Swansea Council


This is a flexible grant delivered through a partnership with UK Steel Enterprise Ltd and the City and County of Swansea.

You can apply if you are a new businesses; either just starting or businesses that has started within less than two years. Businesses must be based within the City and County of Swansea area.

This is a discretionary grant and can provide up to 50% of eligible project costs to a maximum of £1,000, the minimum grant would be £250.

The grants will be administered on a first come first served basis. If the business is VAT registered, VAT will be an ineligible cost. VAT will be an eligible cost in non-VAT registered companies.

Any businesses interested in submitting an application for a business support grant from Swansea Council will need contact Lee Wyndham on lee.wyndham@swansea.gov.uk

 

Business funding available from Bridgend CBC

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. More information can be found here.    

Special Regeneration Fund (SRF) - flexible grant scheme providing small and medium sized businesses with a 'customer-led' approach to funding opportunities.  Projects considered could include investment in capital equipment, specialist software, website design, marketing and refurbishment of business premises. The funding offers up to 40% of grant support for approved project costs up to a maximum of £5,000.  The minimum grant amount will be £1,000. Full details and eligibility criteria can be found here

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



Newport City Council Grants

Start Up Business Grant

Grants of up to £1,500 are available from Newport City Council and UK Steel Enterprise to pre start ups and businesses up to 12 months old. 

The grant is available to pre-start up businesses and SMEs (under 250 employees). Companies, partnerships, sole traders and social enterprises are all eligible. 

General Business Development
Grants of up to £1,500 per eligible element are available from Newport
City Council for pre start ups and existing businesses operating from
commercial premises. 

Vacant Commercial Floor Space Grant
A grant intended to help businesses with the cost of the first year’s
rental of premises or additional commercial space in Newport City
Centre and its district shopping centres. 

Contact Newport City's Council's Business Services Team to discuss any of the grants on business.services@newport.gov.uk or call 01633 656656.

Business support grants available from Caerphilly Council


The Caerphilly Business Start-up Grant is a discretionary grant and can provide up to 50% of eligible project costs to a maximum of £500.

This is a flexible grant scheme delivered through a partnership with UK Steel Enterprise and Caerphilly County Borough Council. It is designed to help residents of Caerphilly County Borough set up a full-time business for the first time, who are not able to access any other sources of funding.

The Caerphilly Business Start-Up Grant provides financial support to help eligible new businesses develop and grow. Business start-ups in all business sectors may be considered. The applicant must be setting up the business in the Caerphilly County Borough.

Any businesses interested in submitting an application for a business support grant from Caerphilly Council will need contact The Business Enterprise Support Team. 

For more information visit www.caerphilly.gov.uk/Business/Business-grants-and-funding/Caerphilly-business-start-up-grant


Business funding available from Rhondda Cynon Taf 

Enterprise Support Programme - This flexible grant programme provides financial assistance to new or existing private and social enterprises that are based in Rhondda Cynon Taf, or are planning to locate to the County Borough.

 

Business grants are available for full-time, existing and start-up enterprises.  We can assist with the purchase of capital equipment (including ICT), improvement of commercial premises, development of a website and one off marketing costs.  Social enterprises can also benefit from support for organisational and project development.

Start-up businesses (trading under 12 months)

Grants are available from £500 up to £10,000 based on 40% of the eligible project costs.

Existing businesses*

Grants are available from £1000 up to £10,000 based on 40% of the eligible project costs.

Home based businesses

Maximum grant available is £1500.

 

* A minimum of one full time equivalent job must be created by private sector businesses requesting grants up to £5000 this raises to two full time equivalent jobs for grants up to £10,000. 

For more information about business funding from Rhondda Cynon Taf CBC contact the Enterprise Support Team on 01443 495169 or email Regeneration@rctcbc.gov.uk