Transformational Commercial Property Development Fund

Page updated on: 21/04/2022

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 Transformational Commercial Property Development Fund can provide financial assistance towards the construction of industrial and commercial buildings with the primary aim of creating capacity for employment in Carmarthenshire.

Priority will be given to applications that will provide tangible benefits to the local economy in terms of;

  • Quantity and quality of jobs accommodated/ created
  • 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.

The programme aims to support applicants that require financial support in order for their projects to proceed, i.e. if funding were not forthcoming the project would not proceed.

What is on offer?

The funding aims 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.
Owner occupier led projects (occupying 50% or more of the proposed building) will also be required to demonstrate job creation opportunities.

Grant awards will be fixed at £20,000 per job created, or the following intervention rate, whichever is the lesser figure:

• Small enterprises - 45%
• Medium enterprises - 35%
• Large enterprises - 25%.

Eligibility will be determined on a case by case basis.

Important: Please read guidelines before applying 

          Guidelines