{"id":23018,"date":"2024-07-22T12:10:54","date_gmt":"2024-07-22T12:10:54","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/?post_type=knowledge&#038;p=23018"},"modified":"2026-02-18T16:13:09","modified_gmt":"2026-02-18T16:13:09","slug":"welsh-business-grants","status":"publish","type":"knowledge","link":"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/welsh-business-grants\/","title":{"rendered":"Welsh business grants \u2013 the small business guide"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Getting a grant for your small business can be a great way to achieve your business goals \u2013 from expanding, developing new products, or hiring new staff. The UK has a wide range of small business grants you can apply for, but sometimes the more niche a grant you apply for, the better.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s why it can be a good idea to apply for grants specific to your local area. In this guide, we\u2019ll be covering the best small business grants in Wales. Keep reading to find out what business grants are available to you \u2013 as well as how to apply.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Quick summary: funding options in Wales&nbsp;<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Grant\/Scheme<\/strong><\/td><td><strong>Best for<\/strong><\/td><td><strong>Status<\/strong><\/td><\/tr><tr><td><strong>Investment Fund for Wales<\/strong><\/td><td>Loans for new and growing businesses<\/td><td>Open<\/td><\/tr><tr><td><strong>Transforming Towns <\/strong><br><strong>Placemaking Grant<\/strong><\/td><td>Businesses in mid-Wales<\/td><td>Open<\/td><\/tr><tr><td><strong>SWEF &#8211; enterprise <\/strong><br><strong>and business grants<\/strong><\/td><td>Young entrepreneurs&nbsp;<\/td><td>Open (from April 2026)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-group has-azure-300-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-69910985 wp-block-group-is-layout-constrained\" style=\"border-radius:10px;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--90);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--90)\">\n<p class=\"wp-block-paragraph\"><strong>Quick tip:<\/strong> Before applying, download our <a href=\"#business-grant-guide\">Business grant application guide<\/a> and check the <a href=\"https:\/\/businesswales.gov.wales\/businessfinance\/finance-locator\" rel=\"noopener noreferrer\" target=\"_blank\">Business Wales finance locator<\/a>.<\/p>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Apply for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\"><a href=\"#government-grants\">Welsh government business grants<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"#local-business-grants\">Welsh business grants by local area<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"#young-entrepreneurs\">Welsh business grants for young people<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"#innovation-grants\">Welsh business grants for innovation<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>This article is intended as a guide and not financial advice. You should always seek the help of a professional if you\u2019re not sure of anything.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-finding-welsh-business-grants\">Finding Welsh business grants<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A quick Google search will bring up plenty of business grants in Wales that you can apply for online \u2013 but knowing which ones are actively accepting applications isn\u2019t always clear. We\u2019ve done the research to help you narrow down your options<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"government-grants\">Welsh government business grants<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Business Wales, run by the Welsh government, makes it easy to find business grants relevant to your business using their <a href=\"https:\/\/businesswales.gov.wales\/businessfinance\/finance-locator\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">finance locator<\/a>. You\u2019re able to search for grants by keywords and find those that are most relevant to your business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Business Wales\u2019s featured finance scheme is from the <a href=\"https:\/\/businesswales.gov.wales\/businessfinance\/featured-finance-scheme\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Development Bank of Wales<\/a>, which focuses on loans and investments for micro to medium sized businesses \u2013 including loans from \u00a31,000 to \u00a350,000 for start up growth funding.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Investment Fund for Wales<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you can\u2019t find funding through a grant, you could also look into the <a href=\"https:\/\/www.british-business-bank.co.uk\/finance-options\/nations-and-regions-investment-funds\/investment-fund-for-wales\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Investment Fund for Wales<\/a>. This scheme offers loans through the British Business Bank \u2013 but as this is money you\u2019ll have to pay back, it\u2019s essential that you do your research and don\u2019t take on debt you can\u2019t afford.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Funds available:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">smaller loans of \u00a325,000 to \u00a3100,000<\/li>\n\n\n\n<li class=\"wp-block-list-item\">debt finance \u00a3100,000 to \u00a32m<\/li>\n\n\n\n<li class=\"wp-block-list-item\">equity finance up to \u00a35m<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Local Growth Fund for Wales<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Status: <\/strong>Opens April 2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Funding available:<\/strong> \u00a3500m<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A three-year investment from 2026 to 2029 aims to boost productivity across Wales.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Funding is to support infrastructure, skills development, employment, and business growth. The Welsh government is due to publish how the <a href=\"https:\/\/www.gov.wales\/proposals-approach-uk-local-growth-fund-wales\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Local Growth Fund<\/a> will be allocated before it launches in April.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-group has-azure-200-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-30c80bf8 wp-block-group-is-layout-constrained\" style=\"border-radius:10px;margin-top:var(--wp--preset--spacing--90);margin-bottom:var(--wp--preset--spacing--90);padding-top:var(--wp--preset--spacing--90);padding-right:var(--wp--preset--spacing--90);padding-bottom:var(--wp--preset--spacing--90);padding-left:var(--wp--preset--spacing--90)\">\n<h2 class=\"wp-block-heading\" id=\"business-grant-guide\">Download your business grant application guide<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You need a strong application to be in with a chance of securing a business grant. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Download your free guide to small business grant applications for the best possible chance of winning a Welsh business grant.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.simplybusiness.co.uk\/wp-content\/uploads\/sites\/3\/small-business-application-guide.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download<\/a><\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"local-business-grants\">Welsh business grants by local area<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You can also find business grants focused on developing your local area. You can find these on Google or by checking with your local council, but we\u2019ve listed a few below to give you an idea of what to expect.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-powys-and-ceredigion-transforming-towns-placemaking-grant-2025-27\">Powys and Ceredigion Transforming Towns Placemaking <strong>Grant 2025-27<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Status: <\/strong>Open<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Grant amount:<\/strong> To be determined by your local authority<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If your business is based in Powys and Ceredigion, then you\u2019re eligible to apply for government <a href=\"https:\/\/www.ceredigion.gov.uk\/business\/funding-and-grants\/transforming-towns-placemaking-grant\/\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">funding for town centres<\/a> across the mid-Wales region, as part of an investment of \u00a34m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You\u2019ll need to have a project in mind that will help transform your town. Some examples include developing empty or run down properties into businesses or improving the appearance of existing properties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Decisions should be made five to six weeks after your application is received.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligibility at a glance:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">businesses in the mid-Wales region<\/li>\n\n\n\n<li class=\"wp-block-list-item\">private businesses, developers, social enterprises<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What you\u2019ll need:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">business plan (including profit and loss forecasts, key risks, and projections)<\/li>\n\n\n\n<li class=\"wp-block-list-item\">a project plan to transform your town, with a projected cost of at least \u00a330,000 (excluding VAT)\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">details of how your project will create opportunities for training, employment, supply chain, or contributions to the community\u00a0<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-group has-azure-200-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-30c80bf8 wp-block-group-is-layout-constrained\" style=\"border-radius:10px;margin-top:var(--wp--preset--spacing--90);margin-bottom:var(--wp--preset--spacing--90);padding-top:var(--wp--preset--spacing--90);padding-right:var(--wp--preset--spacing--90);padding-bottom:var(--wp--preset--spacing--90);padding-left:var(--wp--preset--spacing--90)\">\n<h4 class=\"wp-block-heading\" id=\"h-help-with-your-business-plan\"><strong>Help with your business plan<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/businesswales.gov.wales\/\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Business Wales<\/a> can help you with your business plan. Simply Business also has a free <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/strategy\/how-to-write-a-business-plan\/\" type=\"knowledge\" id=\"1199\" data-type=\"knowledge\" data-id=\"1199\" >business plan template<\/a> you can use to get started.<\/p>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-city-of-newport-business-grants\">City of Newport Business Grants<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>S<\/strong><strong>tatus: <\/strong>Open<strong> <\/strong>(until funding is allocated)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Grant amount: <\/strong>50 per cent of net costs up to \u00a32,500 for businesses outside the city centre, and grants up to \u00a35,000 for city centre businesses<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This <a href=\"https:\/\/www.newport.gov.uk\/en\/Business\/Financial-assistance\/Grants\/City-of-Newport-Business-Grants.aspx\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">grant<\/a> matches the funding you can put into your own business and can be used to invest in areas such as plant, ICT equipment and software, website development, and any related training.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligibility at a glance:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">be a business based in Newport, Wales<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What you\u2019ll need:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">evidence that you already have the funds to cover the total cost of your investment, as your grants will be paid retrospectively<\/li>\n\n\n\n<li class=\"wp-block-list-item\">an investment project<\/li>\n<\/ul>\n\n\n\n<div id=\"nba-body-001\">\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bridgend-start-up-fund\">Bridgend Start-up Fund<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Status: <\/strong>Open<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Grant amount:<\/strong> Between \u00a3250 and \u00a38,000 (excluding VAT)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Small businesses in Bridgend County Borough can apply for <a href=\"https:\/\/www.bridgend.gov.uk\/business\/business-funding-and-grants\/business-support-grants\/business-start-up-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">start-up funding<\/a> towards a maximum of five items. Funding can be for things like equipment, website development, and building works on a premises.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligibility at a glance:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">businesses in Bridgend Country Borough\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">maximum three years trading\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">fewer than 10 employees\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">turnover of less than \u00a32 million\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What you\u2019ll need:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">50 per cent of the project costs\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">two comparable quotes for each capital item you need<\/li>\n\n\n\n<li class=\"wp-block-list-item\">bank statement and proof of ID\u00a0<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bridgend-business-development-grant\">Bridgend Business Development Grant<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Status: <\/strong>Funds allocated but businesses can apply to be on the list if more funds become available&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Grant amount:<\/strong> Between \u00a35,000 and \u00a325,000 (based on half of your maximum project cost)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Small businesses in the Bridgend County Borough can apply for the <a href=\"https:\/\/www.bridgend.gov.uk\/business\/business-funding-and-grants\/business-support-grants\/\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Bridgend Business Development Grant<\/a> if they have a project to help create a vibrant local community. The grant covers half of your expected project costs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligibility at a glance:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">businesses in Bridgend Country Borough\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/starting-out\/sole-trader-vs-limited-company\/\" type=\"knowledge\" id=\"1532\" data-type=\"knowledge\" data-id=\"1532\" >sole trader<\/a>, partnership, limited company, registered social enterprise, charity, or co-operative<\/li>\n\n\n\n<li class=\"wp-block-list-item\">turnover in the last three years above the current VAT threshold (\u00a390,000)\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">fewer than 250 employees<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What you\u2019ll need:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">50 per cent of the project costs\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">two comparable quotes for each capital item you need<\/li>\n\n\n\n<li class=\"wp-block-list-item\">bank statement and proof of ID\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">business plan\u00a0<\/li>\n\n\n\n<li class=\"wp-block-list-item\">12-month cash flow forecasts and three years\u2019 accounts<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cardiff Growth Fund<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>S<\/strong><strong>tatus: <\/strong>Closed&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Grant amount:<\/strong> \u00a32,500-\u00a37,500<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Cardiff Growth Fund is now closed. Check back on the <a href=\"https:\/\/www.cardiff.gov.uk\/ENG\/Business\/Support-and-Finance-for-Business\/cardiff-growth-fund\/Pages\/default.aspx\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Cardiff Growth Fund<\/a> in case more funds are allocated in the future.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"young-entrepreneurs\">Welsh business grants for young people<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">SWEF \u2013 Enterprise and Business Grants<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Status: <\/strong>Opens April 2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Grant amount: <\/strong>Up to \u00a32,000 (or up to \u00a3500 for businesses within a month or two of starting up)&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.swef.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">South West Enterprise Fund (SWEF)<\/a> offers enterprise and business grants for businesses in Wales. Grants for 18 to 30 year olds are available for those who want to invest in their business venture or grow their business.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Grants can be used for business costs, such as equipment, product development, materials, training, or building a website.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligibility at a glance:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">aged 18-30 years old<\/li>\n\n\n\n<li class=\"wp-block-list-item\">business operating for no more than 2.5 years<\/li>\n\n\n\n<li class=\"wp-block-list-item\">a sole trader or limited company<\/li>\n\n\n\n<li class=\"wp-block-list-item\">living in Wales or have a business operating in Wales<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What you\u2019ll need:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">a clear plan of how you\u2019re focusing on your business<\/li>\n\n\n\n<li class=\"wp-block-list-item\">details of what you\u2019ll use the funds for<\/li>\n\n\n\n<li class=\"wp-block-list-item\">a <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/banking\/best-small-business-bank-account\/\" type=\"knowledge\" id=\"1332\" data-type=\"knowledge\" data-id=\"1332\" >business bank account<\/a> set up<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Young Person\u2019s Start Up Grant<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Status: <\/strong>Open (until March 2026)<br><strong>Grant amount: <\/strong>Up to \u00a32,000<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re under the age of 25, living in Wales, and want to become self-employed, then you can apply for the <a href=\"https:\/\/businesswales.gov.wales\/bigideas\/funding-and-grants\/young-persons-start-grant\" rel=\"noopener noreferrer\" target=\"_blank\">Young Person\u2019s St<\/a><a href=\"https:\/\/businesswales.gov.wales\/bigideas\/funding-and-grants\/young-persons-start-grant\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">a<\/a><a href=\"https:\/\/businesswales.gov.wales\/bigideas\/funding-and-grants\/young-persons-start-grant\" rel=\"noopener noreferrer\" target=\"_blank\">rt Up Grant<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can spend your grant on the initial start-up costs of becoming self-employed \u2013 such as equipment, training, and marketing. On top of your grant, you\u2019ll also get one-to-one support from your own business adviser and access to webinars on business skills.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligibility at a glance:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">not be in education*, training, or full-time employment<\/li>\n\n\n\n<li class=\"wp-block-list-item\">if you are working, only be working part time (under 16 hours)<\/li>\n\n\n\n<li class=\"wp-block-list-item\">plan to become self-employed full time<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What you\u2019ll need:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">details about your business idea<\/li>\n\n\n\n<li class=\"wp-block-list-item\">how much funding you\u2019re applying for<\/li>\n\n\n\n<li class=\"wp-block-list-item\">proof of ID<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>*You can currently be in education if you plan to be self-employed within three months of completing your studies.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"innovation-grants\">Welsh business grants for innovation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If your business is an innovator, that could be your niche for finding the right grant. The Development Bank of Wales is always <a href=\"https:\/\/developmentbank.wales\/business-need\/finance-tech-ventures\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">investing in Welsh tech companies<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Welsh businesses are also able to apply for funding from <a href=\"https:\/\/www.gov.uk\/apply-funding-innovation\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">InnovateUK<\/a>. This is government-backed and you can search by keywords to find funding most related to your business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Innovative companies could also be able to get tax relief for research and development (R&amp;D) initiatives \u2013 we have a whole <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/guide-to-r-and-d-tax-relief\/\" data-type=\"knowledge\" data-id=\"1393\">guide to R&amp;D tax relief<\/a>&nbsp; to help you with your claim.<\/p>\n\n\n\n<div class=\"wp-block-group has-azure-200-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-30c80bf8 wp-block-group-is-layout-constrained\" style=\"border-radius:10px;margin-top:var(--wp--preset--spacing--90);margin-bottom:var(--wp--preset--spacing--90);padding-top:var(--wp--preset--spacing--90);padding-right:var(--wp--preset--spacing--90);padding-bottom:var(--wp--preset--spacing--90);padding-left:var(--wp--preset--spacing--90)\">\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-welsh-business-grants\">How to apply for Welsh business grants<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In order to win one of these grants, you\u2019ll need to write a great application form. We have a guide which covers <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/small-business-grants\/#small-business-grants-in-wales\">everything you need to know about small business grants<\/a> \u2013 including a downloadable application form guide.<\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-welsh-business-grants\"><strong>FAQs<\/strong> on Welsh business grants<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-small-business-grants-are-available-in-wales-in-2026\">What small business grants are available in Wales in 2026?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The landscape changes often, but the most consistent options in 2026 include the Young Person\u2019s Start Up Grant, the Transforming Towns Placemaking Grant, and local authority discretionary grants funded by the Shared Prosperity Fund. Always check the <a href=\"https:\/\/businesswales.gov.wales\/businessfinance\/finance-locator\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Business Wales<\/strong> finance locator<\/a> for the latest updates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-do-welsh-grants-require-match-funding\">Do Welsh grants require match funding?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Match funding is when you need to pay a percentage of the project\u2019s cost yourself. Many of the Welsh business grants need you to pay 50 per cent of the project. Grants for 100 per cent of a project are rare.\u00a0\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-can-sole-traders-apply-for-grants\">Can sole traders apply for grants?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Most Welsh grants are open to sole traders, provided you\u2019re registered with HMRC and based in Wales. You don\u2019t always need to be a limited company, though some innovation grants may require it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-long-do-business-grant-decisions-take\">How long do business grant decisions take?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Funding application decisions can take weeks or months depending on the type of grant. Local authority grants might take four to eight weeks. Larger national schemes or Innovate UK grants can take a number of months. Always factor this delay into your cash flow forecast.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-if-i-ve-not-started-my-business-yet\">What if I\u2019ve not started my business yet? <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Even if you\u2019ve not started your business yet, there\u2019s support out there for you. Look for \u201cstart-up grants\u201d like the Young Person\u2019s grant or \u201cPre-start\u201d bursaries. Other funds might need you to have been trading for at least 12 months.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-group has-azure-200-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-30c80bf8 wp-block-group-is-layout-constrained\" style=\"border-radius:10px;margin-top:var(--wp--preset--spacing--90);margin-bottom:var(--wp--preset--spacing--90);padding-top:var(--wp--preset--spacing--90);padding-right:var(--wp--preset--spacing--90);padding-bottom:var(--wp--preset--spacing--90);padding-left:var(--wp--preset--spacing--90)\">\n<h2 class=\"wp-block-heading\" id=\"h-next-steps-to-apply\"><strong>Next steps to apply<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Do your research and make your application as clear as possible.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li class=\"wp-block-list-item\"><strong>Get tax savvy:<\/strong> review the <a href=\"https:\/\/www.gov.uk\/guidance\/corporation-tax-research-and-development-tax-relief-for-small-and-medium-sized-enterprises\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">HMRC R&amp;D tax relief page<\/a> to see if you can claim money back on innovation costs.<\/li>\n\n\n\n<li class=\"wp-block-list-item\"><strong>Download our free resources:<\/strong> <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/strategy\/how-to-write-a-business-plan\/\" type=\"knowledge\" id=\"1199\" data-type=\"knowledge\" data-id=\"1199\" >business plan template<\/a> and cash flow forecast.<\/li>\n\n\n\n<li class=\"wp-block-list-item\"><strong>Verify your eligibility:<\/strong> check the <a href=\"https:\/\/businesswales.gov.wales\/\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Business Wales website<\/a>.<\/li>\n<\/ol>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Grant information is accurate as of February 2026. Schemes are subject to change by government bodies without notice. Always consult the grant provider&#8217;s website before applying.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-more-small-businesses-finance-guides\">More small businesses finance guides<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\"><a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/small-business-funding-and-investment\/\" data-type=\"knowledge\" data-id=\"18378\">Small business funding and investment: how to grow your business<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/income\/how-to-budget-calculator-and-guide-for-the-self-employed\/\" data-type=\"knowledge\" data-id=\"956\">How to budget: a budget calculator and guide for the self-employed<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"\/knowledge\/self-assessment\/self-employed-expenses\/\" data-type=\"knowledge\" data-id=\"1511\">Self-employed expenses \u2013 what expenses are tax deductible?<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/crowdfunding-for-small-business\/\" data-type=\"knowledge\" data-id=\"924\">Crowdfunding: is it right for your small business?<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"https:\/\/www.simplybusiness.co.uk\/business-insurance\/faq\/what-is-business-insurance\/\">What is business insurance?<\/a><\/li>\n<\/ul>\n\n\n\n<div id=\"nba-upsell-001\" class=\"wp-block-group has-azure-200-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-94e519ba wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--80);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--40)\">\n<h3 class=\"wp-block-heading has-text-align-center\">Ready to set up your cover?<\/h3>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">As one of the UK&#8217;s biggest <a href=\"\/business-insurance\/\" data-type=\"page\" data-id=\"5152\">business insurance<\/a> providers, we specialise in <a href=\"\/business-insurance\/public-liability-insurance\/\">public liability insurance<\/a> and protect more trades than anybody else. Why not take a look now and build a quick, tailored quote?<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/quote.simplybusiness.co.uk\/business\">Start your quote<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div id=\"nba-body-end\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Getting a grant for your small business can be a great way to achieve your business goals \u2013 from expanding, developing new products, or hiring new staff.<\/p>\n","protected":false},"author":56,"featured_media":23027,"comment_status":"open","ping_status":"closed","template":"","meta":{"sb_hreflang":"","sb_hreflang_url":"","disable_breadcrumbs":false,"sb_breadcrumbs":[],"sb_reviewed_by":"catriona-smith","sb_review_date":"2026-02-18T15:13:40","sb_enable_content_gating":true,"footnotes":""},"categories":[350,330],"hidden-category":[],"coauthors":[24],"class_list":["post-23018","knowledge","type-knowledge","status-publish","has-post-thumbnail","hentry","category-cash-flow","category-funding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Welsh business grants \u2013 the small business guide - Simply Business UK<\/title>\n<meta name=\"description\" content=\"Looking for Welsh business grants for your small business? 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Starting her career in health insurance, she also worked in education marketing before returning to the insurance world. <a href=\"https:\/\/www.linkedin.com\/in\/rosannaparrish\/\" target=\"_blank\" rel=\"noopener\">Connect with Rosanna on LinkedIn.<\/a>"},"headline":"Welsh business grants \u2013 the small business guide","datePublished":"2024-07-22T12:10:54+00:00","dateModified":"2026-02-18T16:13:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/welsh-business-grants\/"},"wordCount":1989,"commentCount":0,"publisher":{"@id":"https:\/\/www.simplybusiness.co.uk\/#organization"},"image":{"@id":"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/welsh-business-grants\/#primaryimage"},"thumbnailUrl":"https:\/\/www.simplybusiness.co.uk\/wp-content\/uploads\/sites\/3\/2024\/07\/welsh-business-grants.jpg","articleSection":["Business cash flow","Business funding"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/welsh-business-grants\/#respond"]}],"reviewedBy":{"@type":"Person","name":"Catriona Fuller","@id":"https:\/\/www.simplybusiness.co.uk\/#\/schema\/person\/aaab232820edf6154586490d651d7a0a"}},{"@type":"WebPage","@id":"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/welsh-business-grants\/","url":"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/welsh-business-grants\/","name":"Welsh business grants \u2013 the small business guide - Simply Business UK","isPartOf":{"@id":"https:\/\/www.simplybusiness.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/welsh-business-grants\/#primaryimage"},"image":{"@id":"https:\/\/www.simplybusiness.co.uk\/knowledge\/funding\/welsh-business-grants\/#primaryimage"},"thumbnailUrl":"https:\/\/www.simplybusiness.co.uk\/wp-content\/uploads\/sites\/3\/2024\/07\/welsh-business-grants.jpg","datePublished":"2024-07-22T12:10:54+00:00","dateModified":"2026-02-18T16:13:09+00:00","description":"Looking for Welsh business grants for your small business? 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