Small and medium-sized manufacturers across Wales will now have access to funding to modernise their businesses and boost sales through £2.2 million of new investment.
The Tech Valleys Business Productivity Enhancement Programme helps engineering and manufacturing companies work efficiently and develop new products through cutting-edge technology.
Over three years, eligible companies will receive a free business diagnostic. Those who qualify can then apply for a capital grant between £10,000 and £50,000.
Recipients also receive a tailored support package covering skills development and export advice.
The programme has a strong track record in enhancing productivity for Welsh SMEs.
Between 2020 and 2023, 83% of recipients reported increased productivity. Collectively, businesses generated an additional £1.6 million in sales while raising wages, upskilling their workforce and safeguarding jobs.
For further information please select the following link: £2.2 million to help Welsh SMEs boost productivity and sales | GOV.WALES.