Business Assistance and Financial Support
Capital Wales is a unique initiative set up to attract inward investment to South East Wales. To date it has assisted over 60 businesses in a variety of different target sectors.
"The aim is to establish South East Wales in the top quarter of the most prosperous regions in Europe,"
Sheila Davies
Chair of Capital Wales and Corporate Director of Newport City Council.
"Most of Wales is currently categorised as a Convergence Programme Area region within the European Union. This provides many areas in the region – most notably the Valleys - with significant resources that are being channelled into overcoming structural deficiencies, reducing economic, social and territorial disparities, and strengthening competitiveness and employment levels.
Capital Wales can facilitate access to financial support for new and existing businesses through the Single Investment Fund (SIF) - with the aim of encouraging new investment and promoting the development of industry and commerce to compete on international terms.
Support can help with a wide range of business requirements, for instance eligible businesses may be assisted with start up, expansion, modernisation or restructuring projects, or perhaps with the development of new products, processes or services.
Complementary to SIF for smaller capital investment projects, support under the Local Investment Fund is available from local authorities based in the Convergence areas, while Finance Wales offers financial solutions which can take the form of loans, equity investment or Mezzanine funding (which is a mixture of both) and is available where traditional bank finance is considered too risky.
Whatever your needs, a dedicated relationship manager will work with your business to help match the support available to your business circumstances and will advise and guide you throughout the application process. Every proposal is considered on its merits and both the applicant business and the proposal will need to be commercially viable. There will be a structured assessment of need and a test to ensure that any investment produces a tangible benefit to the Welsh economy."
