Thousands of pounds worth of sales have been generated by companies in south east Wales thanks to a Welsh Government funding programme designed to help future proof businesses.
The Welsh Government’s Business Productivity Enhancement Project was launched in 2020 through the Tech Valleys programme, in collaboration with the Welsh Government’s European-funded SMART Innovation programme.
The Welsh Government has continued its support for productivity improvements, digital manufacturing, product design, intellectual property and research and development, initially through a free productivity and design diagnostic report and the SMART Flexible Innovation Support scheme (SFIS). The grant can be used by a company to implement recommendations received in their diagnostic report.
The aim of the project is to encourage and enable businesses to future-proof by improving efficiency through introducing new technology, diversifying their customer bases, and developing new products.
Additionally, it aims to increase the security of employees and the quality of their employment, through raising skill levels and wages. All applicants are required to meet the requirements of the Welsh Government’s Economic Contract, aimed at driving fair work, inclusive growth and responsible business behaviours.
For further information please select the following link £1.6 million raised in sales for businesses following Welsh Government funding | GOV.WALES