Companies in the contact and shared services industry in Wales can access targeted funding provided by the Welsh Assembly Government, and the WDA, and some sub-sectors may be eligible for support from WDA subsidiary Finance Wales.
Finance Wales
Finance Wales provides commercial finance to small and medium-sized enterprises (SMEs) based in Wales. Whether you, or your clients, are thinking of starting a business or are in the initial months of trading - or if the business is already established - we can provide funding solutions to help owner-managers meet the challenges posed by their business aspirations.
Our investment and lending facilities span small loans starting at £1,000 through to the provision of venture capital and tailored finance packages of up to and beyond £1 million.
Working closely with the banks and other private sector investors, we invest on a commercial basis into companies across a range of industry sectors, including the contact and shared service sentres industry. Our funding packages have been designed for every stage of your business growth cycle and are individually tailored to meet the needs of each business.
In addition, we run a suite investment support activities to help you increase your awareness of investment-ready issues and to ensure you benefit fully from our investment once it is in place.
We have six offices across Wales - in Cardiff, Newport, Swansea, Newtown, St Asaph and Treforest - so that you can access up-to-date information about the funding that we offer and can talk in person to an experienced member of staff.
If you would like further information on the ways in which we can assist, click on the link below or call us on 0800 587 4140.
www.financewales.co.uk
Get the backing to kick-start your business
The Welsh Assembly Government's Regional Selective Assistance and Assembly Innovation Grant are available to support capital expenditure:
Regional Selective Assistance is available (in assisted areas of Wales) to encourage investment in Wales, offering grants of more than £50,000 for businesses with eligible investment projects.
The Assembly Innovation Grant is a discretionary grant (ranging from £5001 to £50,000) aimed at smaller businesses making capital investment (for projects ranging between 1 to 3 years) in Wales.
The WDA can assist with the application process for these grants.
A range of WDA grand funding is also available, for research and development, including: the Regional Innovation Grant, SPUR, SPUR plus, SMART and the technology exploitation programme. Individual account managers can also provide businesses with business support grants, as well as being able to help unlock the comprehensive range of grant funding and business support available from the WDA, making the right connections where necessary.
