Property Development Fund

Page updated on: 17/03/2023

The scheme provides financial assistance for Developers for the construction, expansion or refurbishment of buildings for industrial / commercial use with the primary aim of creating capacity for employment in Carmarthenshire.
Funding for this programme has been secured from UK Government’s Shared Prosperity Fund. Priority will be given to applications that will provide tangible benefits to the local economy in terms of;

Quantity and quality of jobs accommodated

Area of floor space created

Amount of land developed

Number of SME’s accommodated

Impact of the development on the Welsh Language

Number of enterprises adopting or improving equality strategies & monitoring systems.

Priority will also be given to projects who are able to demonstrate the ability to complete the project by 30th November 2024.

What is on offer?

The aim of the programme is to support applicants that require financial aid for their projects to proceed, i.e. if funding were not forthcoming the project would not proceed.
The funding is available to meet the financial gap between the construction costs and the completed market value of the property. The incentive on offer is aimed to stimulate the supply of high-quality business premises within Carmarthenshire by offering funding towards high quality industrial units or office accommodation. The maximum funding awarded for each project will be at the discretion of the authority and will not exceed £750k or 45% of the total eligible cost.

This grant cannot be match funded by other public funding.

Eligibility will be determined on a case by case basis.

Important: Please read guidelines before applying

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