Support and Incentives in Port Talbot

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Financial 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 Port Talbot Waterfront Enterprise Zone.

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 over 200 businesses across the eight Welsh Enterprise Zones with over £9m towards the cost of their business rates.

http://gov.wales/topics/businessandeconomy/growing-the-economy/enterprisezones/?lang=en

Finance Wales offers loans at reduced rates to eligible Small and Medium Enterprises (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 property costs, Port Talbot Waterfront Enterprise Zone really starts to add up for your business.

Support from a pro-business Government

assembly building

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.

Port Talbot Waterfront Enterprise Zone has a private sector-led Board that helps ensure we meet your real business needs and directly advises the Welsh Government and Ministers.

The Welsh Government Business Support Team will listen to what you need and help you bring together everything required to make the move. 

We will advise you on how to access financial incentives plus support and finance for innovation, growth, capital projects, international trade, skills development, ICT and e-business.

We’ll 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, our 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.

There are also a number of support programmes that business and investors can access such as The Accelerated Growth Programme, which provides support and help high growth businesses with export potential. Other export support exists via Export Assist, Overseas Events Programmes, International Trade Opportunities and International Trade Development, combined with support from UKTI. Support for innovation can be accessed via Business & Innovation Programme and the SMART Innovation project.

Help to grow your workforce can be found through the Learning and Development (Gwlad) project, Jobs Growth Wales, ReAct and Apprenticeships, Traineeships

Knowledge Transfer Partnerships are in place to help businesses improve their competitiveness and productivity through the better use of knowledge, technology and skills that reside within the UK knowledge base. This enables businesses to access highly qualified people to spearhead new projects and experts to take your business forward with innovative solutions to help your business grow.

There is also a comprehensive job vacancy and matching service. This arrangement has proved to be of direct benefit to local people and particularly effective in recruitment situations linked to regeneration projects.


Visit each Zone to find out more: