Support and Incentives
Whether you’re a large, established business or a small start-up, financial support is available from Welsh, UK and European sources to help your business move and grow in Welsh Enterprise Zones.
Some Zones (classed as Tier 1) offer the highest levels of grant aid and support available in the UK, and certain sites in some Zones are eligible for Enhanced Capital Allowances (ECAs).
Providing financial assistance for business rates liabilities incurred by small and medium-sized businesses located in the eight Enterprise Zones in Wales. The Wales Enterprise Zone Business Rates Scheme has benefited 200 businesses across the eight Welsh Enterprise Zones with over £9 million towards the cost of their business rates:
Development Bank of Wales offers loans at reduced rates to eligible SMEs located in all Welsh Enterprise Zones, and you’ll have access to other types of support Wales offers in areas such as skills development, ICT, R&D and international trade – see www.businesswales.gov.wales for more details.
When you also factor in competitive salaries and property costs, our Enterprise Zones really start to add up for your business.
Support from a pro-business Government
As a devolved Government, we don’t need to wait for decisions from Westminster. So we can act fast to help your business set up and thrive in an Enterprise Zone.
Every Zone has a private sector-led Board that helps ensure we meet your real business needs and directly advises our Economy, Science and Transport Minister.
The Welsh Government Business Support Team will listen to what you need and help you bring together everything required to make the move, with a single point-of-contact throughout.
They will advise you on how to access Enterprise Zone financial incentives plus support and finance for innovation, growth, capital projects, international trade, skills development, ICT and e-business.
They will also help you identify your ideal premises and advise you of local, sector, supply chain and academic networks.
We’re here as a long-term partner. Once you’re here, our Enterprise Zone team will always listen to your needs and tailor support, from advice on R&D and innovation to e-business, from recruitment to capital projects and more.
Visit each Zone to find out more: