News

Business support: Enterprise Renewal Fund

14 Jan 2022


Grant funding is available to pre-start, micro and small businesses in rural Denbighshire, Flintshire & Wrexham, via the Enterprise Renewal Fund to help them recover from the Covid-19 pandemic. 

Social and community enterprises are also able to apply for grant funding. A postcode eligibility checker can be found via: http://cadwynclwyd.co.uk/#postcodechecker

Qualifying businesses will be able to apply for a 50% grant, up to a maximum application value of £10,000 grant funds (which would be £5,000 grant funds and £5,000 applicant match funding) towards costs relating to the introduction of new products or processes.  The minimum application value is £2,000.

A key priority for the project is supporting enterprises introduce new products and/or new processes that the enterprise has not delivered before.  Retrospective applications for costs already incurred by the applicant will not be permitted.  There will be a focus on supporting the introduction of innovative technologies and new ways of doing businesses.  New processes can improve productivity, increase turnover, profitability and market share, by making the business more competitive.  Qualifying projects would typically include expansion, diversification and modernisation of an existing business. Expenditure could be new investment in assets, such as equipment, in the development of a marketing strategy, or implementation of IT technology to enhance existing business.

Examples of eligible funding:

  • Purchase or lease / hire of new machinery and equipment

  • Installation costs

  • Professional fees for services

  • Marketing strategies and / or marketing costs for new products or processes

  • Digital, communication and information technology

  • Computer and network hardware and / or software

  • Broadband technology

  • Website and App development

  • Accounting / inventory / ordering systems

  • Sustainable / renewable energy

  • Waste minimisation and recycling projects

  • Site improvements

Full guidance notes can be found via:

https://cadwynclwyd.co.uk/wp-content/uploads/ENG-Guidance-Notes-Enterprise-Renewal-10.09.21.docx

For further information or to speak to the Enterprise Renewal Co-ordinator Adrian Barsby of Barsby Associates Ltd. Please telephone: 07921 787668 or email: adrian@barsbyassociates.com

Those interested in applying will need to complete an Expression of Interest form and return to this to enterpriseRenewal@barsbyassociates.com

There is no closing date for applications, the funding process will be open and run until the funds have been allocated.  Successful applicants will be required to defray the funding and provide claim evidence to Cadwyn Clwyd by no later than December 2022.

Source: Claire Hinchcliffe, Wrexham.gov.uk

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