Business Development Funds

This fund is now fully committed.

We are pleased to be able to report that all applications have now been assessed and that we are in the final stages of deciding which schemes should be supported. The total amount of support requested is over £9 million with only £2 million available. It is therefore inevitable that many applicants will be disappointed and there will be a number of deserving schemes that we cannot support.

To hear about any future funding opportunities please subscribe to the Business Support Bulletin

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The Business Development Funds, which are supported through the Shared Prosperity Fund: Gwynedd and the Shared Prosperity Fund: North Wales, are a plan to support Gwynedd businesses to recover and develop, stabilise and prepare for the future. The aim is to enable businesses to increase profits either through savings or increasing income.

There are two funds within the Business Development Funds.

  • Spark Fund - Support grants from £2,500 to £25,000
  • Transformation Fund – Support grants from £25,001 to £250,000

The fund offers support of up to 70% of the total eligible costs identified within the application. Therefore, any application will be required to be based on at least £3,570 of eligible costs.

 

Who can apply?

Small or medium-sized businesses from Gwynedd can apply for money from the Business Development Funds, they could be new or established businesses.

 

Apply online

This fund closed on the 29 September, 2023.

 

Want to see how recipients have used their grant?

See Case Studies here