The Welsh Government has a long-term Vision for the food and drink industry, as described in the ‘Vision for the Food & Drink Industry from 2021’. The Vision is for a strong, vibrant industry with a global reputation for excellence, which has one of the most environmentally and socially responsible supply chains in the world.
The Vision’s mission is to:
• Grow business scale, value and productivity.
• That business success benefits people and society; and to
• Promote Wales and celebrate our success as a Food Nation.
The Food Business Accelerator Scheme (FBAS) will support capital investments in processing equipment and infrastructure and is an important element of the Welsh Government – Rural Investment Schemes 2022-2025. https://gov.wales/rural-grants-payments
It’s purpose is to help those businesses that offer clear and quantifiable benefits to the food and drink industry in Wales. It is designed to improve the performance, competitiveness, sustainability, and efficiency of the sector; to support businesses respond to consumer demand; to encourage diversification and to identify, exploit and service new emerging and existing markets.
All projects supported through the FBAS will need to demonstrate how they contribute to achieving the Vision mission.
The application process for FBAS is a two stage process and applicants should ensure that they have read the full guidance notes for the scheme https://gov.wales/food-business-accelerator-scheme prior to completion of the first stage Expression of Interest (EOI) to ensure their projects are eligible within the scheme guidance and timeframe.
Please find the published guidance available here Food Business Accelerator Scheme | Sub-topic | GOV.WALES
Please direct any enquiries to the fbas@gov.wales mailbox.