Welsh Government

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Finance

1. Types of finance

For general information and advice about finding finance and choosing the right type go to the main Business Wales website.  
 
For tourism funding specifically, our main investment fund is the Tourism Investment Support Scheme (TISS). We also have other schemes: 

  • The Regional Tourism Engagement Fund (RTEF) 
  • The Tourism Product Innovation Fund (TPIF)
  • Tourism Amenity Investment Support (TAIS)
  • Micro Small Business Fund (MSBF)

Watch the following short films for:

Learn more about the different TAD projects we have supported in this short film

2. Tourism Investment Support Scheme

The Tourism Investment Support Scheme (TISS) is available for medium to large businesses, with 50 or more full time equivalent (FTE) employees.

TISS is an investment fund comprising a mix of repayable and non-repayable finance, targeting eligible capital investment projects in the tourism sector in Wales. It can be used either to upgrade existing, or create, new high quality product.  

Support of between £25,000 and £500,000 will be considered, in order to:

  • create and safeguard jobs
  • realise economic benefit and growth
  • deliver quality, innovation and a sense of place.

Are you eligible

To find out if your project is eligible for support, please:

We will process the forms, and invite applications if appropriate. We will let you know what information we need to process your application, and send you the application form which is appropriate for your business.

Contact us on  tiss@gov.wales or 0845 010 8020.

See how we have helped businesses with TISS funding in this short film

 
 

3. Regional Tourism Engagement Fund (RTEF)

The Regional Tourism Engagement Fund (RTEF) is a revenue fund, supported through the Welsh Government Rural Communities Rural Development Programme 2014-2020. It is funded by the European Agricultural Fund for Rural Development (EAFRD), and Welsh Government.

The purpose of the fund is:

  • to contribute to the delivery of a 10% growth target set out in the Partnership for Growth: strategy for tourism 2013-2020
  • to promote and develop distinctive, high quality visitor destinations through the delivery of their destination management plans
  • to enable destinations to maximise the benefits from aligning with our product-led thematic years and the Wales Way

Worth over £1m, it builds on the £2m already allocated to deliver projects during the Year of the Sea.

The current round of RTEF funding for 2018/19 has now closed, any queries please contact your Regional Tourism Engagement Manager. To be kept informed please ensure that you’ve subscribed to receive our industry newsletter or follow us on twitter @visitwalesbiz.

Watch this short film to see how we have helped tourism businesses through the RTEF fund.

 

Projects 2017-2019

Projects 2016-2017

Projects 2015-2016

4. Tourism Product Innovation Fund (TPIF)

The Tourism Product Innovation Fund (TPIF) is a revenue fund, supported through the Welsh Government Rural Communities Rural Development Programme 2014-2020. It is funded by the European Agricultural Fund for Rural Development (EAFRD), and Welsh Government.

The purpose of the fund is to work with tourism sector partners across Wales:

  • to deliver the 10% growth target set out in the Partnership for Growth: strategy for tourism 2013-2020
  • to encourage closer joint working between tourism consortia, partnerships and trade groups
  • to develop and improve the product offer to visitors to benefit the tourism sector and local communities
  • to help grow the tourism economy in a sustainable way.

Worth over £1m, it builds on the £2m already allocated to deliver projects during the Year of the Sea.

The current round of TPIF funding for 2018/19 has now closed, any queries please contact your Regional Tourism Engagement Manager. To be kept informed please ensure that you’ve subscribed to receive our industry newsletter or follow us on twitter @visitwalesbiz.

See how we have helped projects with TPIF funding in this short film.

 

Projects 2017-2019

Projects 2016-2017

5. Tourism Amenity Investment Support (TAIS)

The Tourism Amenity Investment Support scheme (TAIS) is available for public, third sector and not for profit organisations.

TAIS is an investment fund targeting amenity projects in the tourism sector in Wales.  

Support of between £25,000 and £128,000 will be considered. The cap on total eligible project expenditure is £160,000. Our aim is to:

  • develop quality sustainable tourism facilities
  • add value to visitor experience
  • deliver quality, innovation and a sense of place.

Are you eligible

To find out if your project is eligible for support, please:

Send the completed Introductory Questionnaire and Equal Opportunities monitoring form to tiss@gov.wales.

We will process the forms, and invite applications if appropriate. We will let you know what information we need to process your application, and send you the application form which is appropriate for your business.

The fund is operated via an annual call programme until April 2020 with full spend to be completed by December 2020. 

The current round of TAIS funding for 2017 has now closed. There will be another round opening in 2018.

Contact us on  tiss@gov.wales or 0845 010 8020.

 

6. Micro Small Business Fund (MSBF)

The Micro Small Business Fund (MSBF) is available for micro to small size businesses with fewer than 50 FTE employees.

MSBF is an investment fund targeting eligible capital investment projects in the tourism sector in Wales. It can be used either to upgrade existing or create new high quality product.

Support of between £25,000 and £500,000 will be considered, in order to:

  • create and safeguard jobs
  • realise economic benefit and growth
  • deliver quality, innovation and a sense of place.

Are you eligible

To find out if your project is eligible for support, please:

Send the completed Introductory Questionnaire and Equal Opportunities monitoring form to tiss@gov.wales

We will process the forms, and invite applications if appropriate. We will let you know what information we need to process your application, and send you the application form which is appropriate for your business.

Contact us on  tiss@gov.wales or 0845 010 8020.

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