Local Investment Fund
The Local Investment Fund, which was introduced in 2009, was a package of flexible financial support to assist new and existing businesses by offering capital grants of 40% of eligible projects, subject to a minimum of £1000 and a maximum of £10,000 grant.
With effect from December 2014, the LIF budget has been fully committed, and no further funding is available from this source.
The LIF has been a successful project, contributing to the Gwynedd local economy, with the following outputs having been achieved:-
- 154 existing business, 42 new businesses, and 3 social enterprises have received LIF financial support.
- A total of £1.004m grant funds have been released as a contribution towards total project costs of £4.904m.
- 150 full-time jobs and 81 part-time jobs have been created as a direct result of LIF supported projects.
- 330 full-time jobs and 126 part-time jobs have been safeguarded as a direct result of LIF supported projects.
For further information regarding the Local Investment Fund please contact Selwyn Williams, LIF Project Officer, on 01286 679231, or firstname.lastname@example.org