Funding and Support
Economic Action Plan
The Cabinet Secretary for Economy has announced the next stage of the Economic Action Plan (EAP) introducing the Economic Contract, Call to Action and Economic Futures Fund. The plan seeks to grow our economy and has been developed to meet the needs of today and to prepare for the challenges and opportunities of the future.
The Economic Contract is the framework for a new relationship with businesses looking to access finance, requiring businesses to demonstrate their commitment to growth, fair work, employee health and skills and reducing their carbon footprint, reflecting the kind of business behaviours that many successful and responsible businesses exhibit.
Designed to help businesses prepare for the future and adapt to the challenges they may bring. For Wales, these Calls to Action are designed to enable more inclusive economic growth by promoting regional strengths and tackling structural challenges.
- innovation, entrepreneurship and headquarters
- exports and Trade
- high quality employment, skills development and fair work
- R&D, automation and digitalisation
Economic Futures Fund
The Welsh Government are introducing a streamlined finance package bringing together existing finance schemes into a consistent approach, simplifying the process for businesses and allowing Welsh Government to be flexible in how it uses the resources it has to meet business need, and deliver against the points highlighted in the Economic Contract and the Calls to Action.
For more information email CreativeWales@gov.wales
You can view the strategy on the Welsh Government website.
New funding streams will be available once the new agency 'Creative Wales' is launched in 2020.
Ffilm Cymru Wales
Ffilm Cymru Wales have a remit to help to develop a film sector in Wales and maximise the economic, educational and cultural benefits of film.
They support Welsh or Wales-based writers, directors and producers with development and production funding, industry assistance and mentoring opportunities. They also promote the use of film in education and community regeneration.
For more information visit the Ffilm Cymru Wales website.
UK Tax Relief
The British Film Institute’s (BFI) certification unit is the first point of contact for applicants wanting to qualify their film, high-end television programme, animation programme and video games as British and to access the UK’s creative sector tax reliefs.
For further information visit the BFI website.
For further advice on UK Tax Relief for production, follow the links to the British Film Commission’s website for: