Grants and Finance (Wales only)

HML for business currently assists with grant support applications and accessing specialist consultancy to help drive your project forward. In Wales there is assistance offered by the Welsh Assembly Government which is conditional. Here are details and links as provided by the Welsh Assembly Government website at time of publication of this website. Latest details available from www.wales.gov.uk.

Assembly Investment Grant (AIG)

Please note: Due to grant constraints we do not cover shops or retail sector businesses.

Specifically designed to help small and medium sized enterprises throughout Wales make new commercially viable capital investments. Find out more about AIG.

How much grant may be available?
Grants between £5,001 and £75,000 are available.The proportion of assistance will be between 7.5% and 50% of the eligible expenditure.The scheme is descretionary and the grant 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.

How can AIG help your business?
Capital investment projects undertaken by small and medium size businesses can receive support through AIG whether it be for start up, expansion, or restructuring your business. Your expenditure on capital assets such as plant and machinery, IT and office equipment, and in some instances intangible assets such as patent rights can be eligible for support under the scheme.

Regional Selective Assistance (RSA)

Capital investment that creates or safeguards permanent jobs in the Assisted Areas of Wales. Find out more about RSA.

How much grant may be available?
The proportion of assistance will be between 10% and 50% of the eligible expenditure and will depend on the size of the business and location of the project. However the amount of grant offered will always be the minimum amount necessary to allow the investment to proceed. Grants from £50K upwards, and running into millions are possible since there is no maximum stipulated by the RSA scheme.

How can RSA help your business?
If your project involves start up, expansion or restructuring your business this may be eligible for RSA support. Your expenditure on capital assets such as plant and machinery, IT and office equipment and in some instances intangible assets such as patent rights could be eligible for support under this scheme.

Assisted Areas
Assisted Areas are the most economically disadvantaged areas where regional aid for economic development may be granted under European Community Law. The current Assisted Areas map for the UK, approved by the European Commission, remains in force from January 2007 to 31 December 2013.

Innovation Grants

Grants connected to the Regional Innovation Fund, including such schemes as SMART, SPUR and SPURplus and Regional Innovation Grants.

Specialist Support Grants

Specialist Support offers a mechanism to help businesses seeking consultancy support to grow and develop. Offering typically up to 50% of the consultancy costs, Specialist Support allows business to purchase direct from the open market the consultancy support required to meet the particular needs of their business.

Most businesses in Wales are eligible for Specialist 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.

The Specialist Support programme is funded jointly by the National Assembly for Wales (NAFW) and the European Union (EU), and managed by the Enterprise Innovation and Networks department of the NAFW.

Get in touch and see how we can help your business.

Information provided is to illustrate type of funding available, and should be checked directly with Welsh Assembly Government and agencies working on behalf of the assembly. As an independent agent we are not commissioned or representing the views of the Welsh Assembly Government. We offer help in the application process only.