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 Wales Tourism Investment Fund (WTIF). We also have Micro Small Business Fund (MSBF) and Brilliant Basics. 

Watch the following short films for:

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

You can view details of recent funding schemes and some of the regional projects that have received investment from the Welsh Government in the Regional Investment Updates listed below:

2. Brilliant Basics Fund

Brilliant Basics is a new Wales wide fund that will support public, third sector and not for profit organisations to:

  • deliver basic small scale tourism infrastructure improvements, and
  • ensure that all visitors to Wales have a positive and memorable experience throughout their stay.

This new fund will build on the previous rounds of funding via the Tourism Amenity Investment Support scheme (TAIS). TAIS was launched in 2017, and supported through the Welsh Government Rural Communities Rural Development Programme 2014-2020 (RDP), funded by the European Agricultural Fund for Rural Development (EAFRD), and Welsh Government. 

Under the previous TAIS funding rounds, only rural wards in Wales were eligible under the RDP rules. Now, with the addition of non-EU funding, the scheme is being extended to those areas outside of the rural wards as part of the new Brilliant Basics. This will ensure that all parts of Wales are able to benefit from the new fund. For those projects located within the eligible wards, Brilliant Basics will continue to be part funded through the Welsh Government RDP EU Programme. 

Funding Objectives

Funding of up to £10m for 2020 to 2025 will be available to prioritise projects that will:

  • develop quality visitor experiences with a Welsh sense of place
  • enable a wide range of visitors to access and enjoy new wellbeing opportunities
  • improve access to facilities and project an inclusive view of Wales
  • invest in facilities that enhance Wales’ adventure offering
  • contribute to key WG tourism initiatives including the Year of Outdoors campaign 2020 – 2021 and The Wales Way 
  • encourage clean, green destinations for example through sustainable infrastructure improvements
  • proactively promote a sense of place, culture and language
  • provide year-round facilities across all parts of Wales
  • invest in world-class experiences and events facilities

Support of between £25,000 and £128,000 is available for projects with a total eligible expenditure of £160,000, with a maximum intervention rate of 80%. 

Expressions of Interest for this fund is now closed.

Further Information

  • completed EOI’s will be submitted in direct competition with one another and it is expected that there will be significant demand for the grant available
  • assessment of EOI’s against first stage eligibility criteria outlined in the guidance document 
  • successful proposals will go through to the second stage and be invited to submit a full application by 12 noon 24th April 2020
  • appraisal of the full application will be in accordance with the scheme assessment criteria and eligibility rules
  • there is no guarantee that any proposals will be approved for funding at either stage of the application process
  • see previous projects funded via TAIS 2017-2018.

Please contact your RTEM for further information.

For general enquiries on wider tourism investment support, contact us on:
Email: tourism.industryadvice@gov.wales
Phone: 0845 010 8020.
 

3. Wales Tourism Investment Fund (WTIF)

The Welsh Government, in partnership with the Development Bank of Wales, has launched a new £50m fund, Wales Tourism Investment Fund (WTIF) which brings together both commercial and grant funding into one combined package of financial support to provide capital investment for the sector.  

Fund objectives 

In order to maintain and develop Wales’ position in the hugely competitive global tourism market, we need to continue to invest in our tourism product. The key objective of the Fund will be to help finance capital investment in tourism projects which have the opportunity to create positive impact on growing the sector and the Welsh economy.

Purpose of fund

  • To provide continued access to finance for tourism projects in Wales
  • To support the transition of the tourism sector from grant reliance to commercial loan serviceability
  • Allow public funding to be mobilised in an area that can create significant impact on the economy
  • To be able to support potentially substantial strategic investments as required.

What will it fund? 

  • The new fund will provide patient capital to tourism businesses of between £100,000 and £5,000,000 for qualifying projects
  • Repayment term is between 10-15 years, and can include seasonality payment breaks
  • It will provide increased flexibility of funding
  • Funding will be made available from the outset of a project and tranched through the development phase
  • Commercial loan and qualifying grant payments will be blended in order to reduce the overall cost of the finance.

Who is eligible? 

The fund comprises 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 assets in the tourism sector.

In order to be considered for support from the Wales Tourism Investment Fund an applicant will need to:

  • Commit to supporting the Welsh Government’s Prosperity for All strategy and demonstrate a commitment to the four requirements of the Economic Contract
  • Be based in Wales and demonstrate how the project will stimulate growth in new and existing markets and create and/or safeguard jobs
  • Demonstrate financial viability and repayment over the term of the funding package.

Next Steps

The fund includes a two stage application process. The first stage includes an Expression of Interest form and if successful at this stage, the business will then be invited to make a full application. Frequently Asked Questions are also available.  

If you are interested in receiving more information on the WTIF, please email WTIF@gov.wales or call 0845 010 8020.

 

4. Micro Small Business Fund (MSBF)

This fund is supported through the Welsh Government Rural Communities Rural Development Programme 2014-2020, funded by the European Agricultural Fund for Rural Development (EAFRD), and Welsh Government.

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:

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 tourism.industryadvice@gov.wales or 0845 010 8020.

 

5. Projects Supported in the Tourism Industry

The Economy Futures Fund – Tourism Investment Support Scheme (EFF-TISS)

The Scheme was available for medium to large businesses, with 50 or more full time equivalent (FTE) employees.

EFF-TISS was 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 was considered, in order to:

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

Projects Supported as part of the Tourism Investment Support Scheme

Offers made 1 April 2011 to 31 March 2012
Offers made 1 April 2012 to 31 March 2013
Offers made 1 April 2013 to 31 March 2014
Offers made 1 April 2014 to 31 March 2015
Offers made 1 April 2015 to 31 March 2016
Offers made 1 April 2016 to 31 March 2017
Offers made 1 April 2017 to 31 March 2018

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


Regional Tourism Engagement Fund (RTEF)

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

The purpose of the fund was to work with partners at the destination level to deliver the 10% growth target set out in the strategy by supporting activity which would:

  • meet the strategic objectives of Welsh Government’s tourism strategy ‘A Partnership for Growth’.
  • support destinations across Wales to promote and develop distinctive, high quality visitor destinations through the delivery of their destination management plans to extend the season and increase spend.
  • enable destinations to maximise the benefits of aligning with the Year of Discovery 2019, future thematic years and The Wales Way.
  • reflect all or any of the three key themes for promoting tourism to Wales: adventure, culture and landscape.

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

Projects 2019-2021
Projects 2018-2019
Projects 2017-2019
Projects 2016-2017
Projects 2015-2016
Projects 2014-2015


Tourism Product Innovation Fund (TPIF)

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

The purpose of the TPIF fund was to work with tourism sector partners across Wales to deliver the 10% growth target set out in the tourism strategy by supporting activity which would:

  • encourage closer joint working between trade partnerships to improve the product offer and help grow the tourism economy in Wales in a sustainable way
  • enable the private sector to maximise the benefits from aligning with the Year of Discovery 2019, future thematic years and The Wales Way
  • reflect all or any of the three key themes for promoting tourism to Wales of adventure, culture and landscape

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

Projects 2019-2021
Projects 2018-2019
Projects 2017-2019
Projects 2016-2017
Projects 2015-2016


Tourism Amenity Investment Support (TAIS)

This fund was supported through the Welsh Government Rural Communities Rural Development Programme 2014-2020, funded by the European Agricultural Fund for Rural Development (EAFRD), and Welsh Government.

The scheme was available for public, third sector and not for profit organisations.

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

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

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

Projects 2018-2019 
Projects 2017-2018


Micro Small Business Fund (MSBF)

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.

Projects 2019-2020
Projects 2018-2019 
Projects 2017-2018