Hundreds of micro, small and medium-sized businesses in Wales will soon be able to apply for Welsh Government funding designed to help them to reduce their running costs.
Grants of between £5,000 and £10,000 will be available to eligible businesses in the retail, hospitality, and leisure sectors.
The £20 million Future Proofing Fund will help businesses strengthen their future trading position by increasing profitability through investment in renewable energy technology, improvements to the fabric of their premises, and upgrades to systems or machinery to reduce energy use.
The grants will be paid up to 75 per cent of project costs or £10,000, whichever is the lesser amount. It is expected that the business will contribute the remaining 25 per cent from other sources.
The fund is open to businesses located in Wales (either headquartered or have an operating address in Wales) and which employ people in Wales.
An eligibility checker will open in mid-April 2024 and applications will open in May 2024.
For further information please select the following link: Up to 2,500 businesses to benefit from Welsh Government future proofing fund | GOV.WALES