Funding available for businesses in Torfaen
Funding available through LIF scheme that covers website design, ICT and Marketing materials for businesses in Torfaen
Over recent years, we’ve assisted many local new and existing businesses within the Torfaen area with website design, brand development and marketing. One main obstacle for many small businesses is that budgeting for these kinds of services and products is often diffuclt. However, the Local Investment Fund Cymru South East Wales (LIF) is a flexible financial support scheme delivered through a partnership across Torfaen.
The LIF fund is specifically designed to support a range of Small and Medium Size Enterprises (SMEs). The financial support is aimed primarily at manufacturing businesses but other sectors can be considered.
Applicants will need to demonstrate that a significant proportion of their activity is business to business (75% or over), and that they have the ability to ‘add value’ or offer net benefits to the local economy (e.g. through the creation of new jobs).
What support is available?
Financial support from £1,000 to £10,000 is available, based on 40% of the eligible project costs. Eligible capital projects could include:
- Capital equipment
- ICT equipment
- Development of websites / brand development
- Marketing materials
- External and internal building works and alterations
Expenditure incurred before the award of financial support approval is not eligible for funding.
For more information on past examples of client projects that have benefited from LIF funding, or for more general enquiries, please get in touch with us.
To discuss LIF funding further and criteria for eligibility, please contact Gaynor Wakeling at Torfaen Council.