Carmarthenshire Rural Enterprise Fund (CREF)

Page updated on: 24/04/2022

The application process is now closed. If additional funding becomes available, these funds may re-open – please keep an eye on this page for updates or request a notification by emailing economicdevelopment@carmarthenshire.gov.uk

The Carmarthenshire Rural Enterprise Fund (CREF) can provide financial assistance to businesses and sole traders for the development of new and existing business premises, where jobs are being created as a result.
Priority will be given to applications that will provide tangible benefits to the local economy in terms of quantity and quality of direct jobs created in key sectors.

What is on offer?

The grant offer will be either based on £20,000 per job created or up to the following intervention rates, whichever is the lesser figure;

  • Small Businesses: 45%
  • Medium Businesses: 35%
  • Large Businesses: 25%*  

The maximum grant award is £100,000. In exceptional circumstances this may be increased.

Eligibility

  • The grant will fund improvement works to commercial property in rural wards within Carmarthenshire, as defined in the Local Development Strategy for Rural Carmarthenshire* where jobs are being created as a result.
  • Applicants must be either the freehold owner of the property, or a leaseholder where the lease has a minimum of seven years remaining at the anticipated time of final payment of grant.

    *See Scheme Guidance for further information

    Important:
    Please read guidelines before applying  

          Guidelines