Welsh Government Future Proofing Fund

The Welsh Government has made funding available of up to £10,000 for micro, small and medium- sized businesses in the retail, hospitality and leisure sector to help with running costs.

The Welsh Government Future Proofing Fund is designed to help businesses invest in renewable energy sources, carry out any improvements to business premises and upgrade systems or machinery to reduce energy use. The £20 million funding will help around 2,500 businesses across Wales to strengthen their trading position, increasing profitability.

Businesses must meet the below criteria to be considered for this funding:

• Be located in Wales and employ people in Wales
• Employ between 1 and 249 people
• Have been trading before 1 April 2023
• Operate from a property with a rateable value between £6,001 and £51,000
• Either own or leasing the business premises on a minimum 3-year lease, extending beyond 1 April 2026

Carmarthenshire County Councils Cabinet Member for Regeneration, Culture, Leisure and Tourism, Cllr Hazel Evans commented:

The Council welcomes this grant funding which will ensure that micro, small and medium sized businesses are supported finically. I encourage these business owners to take advantage of this opportunity and apply for funding to significantly increase their profitability and success.

Applications are now open.

To check your eligibility, please visit: Welsh Government Future Proofing Fund | Business Wales

To see what other opportunities grant funding can offer your business, please visit Carmarthenshire County Councils UK Shared Prosperity Fund business pages for more information