Investment and funding

Page updated on: 17/01/2019

Business Wales has the following funding opportunities for Tourism businesses.

Tourism Investment Support Scheme (TISS)

Available for medium to large businesses with 50 or more full time equivalent (FTE) employees, TISS is an investment fund comprising a mix of repayable and non-repayable finance, targeting eligible capital investment projects in the tourism sector in Wales. It can be used either to upgrade existing, or create, new high quality products.

Support of between £25,000 and £500,000 will be considered, in order to:

  • Create and safeguard jobs
  • Realise economic benefit and growth
  • Deliver quality, innovation and a sense of place.

The Regional Tourism Engagement Fund (RTEF)

This revenue fund aims to promote and develop distinctive, high quality visitor destinations through the delivery of their destination management plans. Emphasis is given to those projects which align with the Visit Wales product-led thematic years and the Wales Way. The Tourism Product Innovation Fund (TPIF), a revenue fund which aims to work with the tourism sector partners across Wales:

  • To encourage closer joint working between tourism consortia, partnerships and trade groups
  • To develop and improve the product offer to visitors to benefit the tourism sector and local communities
  • To help grow the tourism economy in a sustainable way.

Tourism Amenity Investment Support (TAIS)

Available for public, third sector and not for profit organisations, this investment fund targets amenity projects in the tourism sector in Wales. Support of between £25,000 and £128,000 will be considered. The cap on total eligible project expenditure is £160,000. The aim is to:

  • Develop quality sustainable tourism facilities
  • Add value to visitor experience
  • Deliver quality, innovation and a sense of place.

Micro Small Business Fund (MSBF)

Available for micro to small size businesses with fewer than 50 FTE employees, this investment fund targets eligible capital investment projects in the tourism sector in Wales. It can be used either to upgrade existing or create new high quality products. Support of between £25,000 and £500,000 will be considered, in order to:

  • Create and safeguard jobs
  • Realise economic benefit and growth
  • Deliver quality, innovation and a sense of place

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