Business growth grant

1. Introduction

As part of their ongoing commitment to supporting economic development and businesses throughout these challenging times, Carmarthenshire County council are delivering Carmarthenshire Business Growth Grant which is funded by the UK Government via the Shared Prosperity Fund

The aim of the grant intervention is to strengthen local entrepreneurial ecosystems and support businesses at all stages of their development to start, sustain, grow and innovate, including through local networks.

The grant will support local businesses and Inward investors to grow, prosper and be sustainable. Resulting in the creation or safeguarding of jobs throughout the County, therefore improving the local economy. Whilst priority will be given to the creation of new jobs, it is acknowledged that the safeguarding of jobs under the current economic climate is also extremely important and will be considered accordingly on a case-by-case basis.

The grant will be open for application between March 2023 and September 2024 or until the fund is fully allocated

The Fund will be a business grant scheme, which will include support towards capital expenditure projects and specialist revenue expenditure (not including ongoing running costs), where new jobs are a created and/or safeguarded because of the financial support.

The detail of the application guidance is in draft and is subject to change