Supporting Local Businesses
The Supporting Local Business anchor consists of three key elements –
Business start-up and growth grants
As part of their ongoing commitment to supporting economic development and businesses throughout these challenging times, Carmarthenshire County council are delivering Carmarthenshire Business Growth & Recovery 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 supporting businesses at all stages of their development to start, sustain, grow, and innovate, including through local networks.
- Grants available between £1000 and £10,000.
- Grants of up to £50,000 can be considered on a case by case basis for applications which clearly demonstrate innovation, Research and Development and/or future proofing projects linked to the local innovation strategy
- Each grant award will be based on 50% of eligible costs or a maximum of £5000 per job created and/or £5000 per job safeguarded, whichever is the lesser. (At least one new job must be created and/or one full time equivalent (FTE) job safeguarded, in order to access the grant)
Apply for the Business Start-Up Grant
Apply for the Business Growth and Recovery Fund
Property Development Fund
The Carmarthenshire Commercial Property Development Fund can provide financial assistance for developers towards the construction of industrial and commercial buildings with the primary aim of creating capacity for employment in Carmarthenshire which is funded by the UK Government via the Shared Prosperity Fund. Up to £750,000 is available for eligible projects at an intervention rate of up to 45%.
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 SMEs accommodated
- Impact of the development on the Welsh Language
- Number of enterprises adopting or improving equality strategies & monitoring systems.
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 at stimulating the supply of high-quality business premises within Carmarthenshire by offering funding towards high quality industrial units or office accommodation.
Apply for the Property Development Fund
Business Renewable Energy Fund
As part of our ongoing commitment to supporting economic development and businesses throughout these challenging times, as well as becoming net zero carbon by 2030, Carmarthenshire County Council is delivering the Carmarthenshire Business Renewable Energy Fund. The Fund will be a third-party grant scheme, which will provide capital support to businesses towards the purchase of renewable energy systems for their business premises.
The aim of the fund is to support local businesses to be sustainable during these challenging times, to provide assistance for them to grow and prosper whilst helping them on their net zero carbon journey.
- Grants available between £1,000 (minimum) and £25,000 (maximum) towards the cost of the renewable energy system
- Each grant award will be based on no more than 50% of eligible costs
Apply for the Business Renewable Energy Fund