Welsh Government

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 two other schemes: 

  • The Regional Tourism Engagement Fund (RTEF) 
  • The Tourism Product Innovation Fund (TPIF) 

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@wales.gsi.gov.uk or 0845 010 8020.

3. Regional Tourism Engagement Fund (RTEF)

The RTEF fund’s purpose is to contribute to the delivery of a 10% growth target set out in the Tourism strategy ‘Partnership for Growth’ and is aimed at projects that:

  • Support destinations across Wales to promote and develop distinctive, high quality visitor destinations through the delivery of their destination management plans. 
  • Enable destinations to maximise the benefits from aligning with Visit Wales’ product-led thematic year approach. 

The current round of RTEF funding for 2017/18 has now closed. There will be another round opening towards the end of 2017. To be kept informed of timescales please ensure that you’ve subscribed to receive our industry newsletter or follow us on twitter @visitwalesbiz

 

Projects 2017-2019

Projects 2016-2017

Projects 2015-2016

4. Tourism Product Innovation Fund (TPIF)

The purpose of the TPIF fund is to work with tourism sector partners across Wales to deliver the 10% growth target set out in the tourism strategy. The fund aims to encourage closer joint working between tourism consortia, partnerships and trade groups and to develop and improve the product offer to visitors which will benefit the tourism sector, local communities and critically, help to grow the tourism economy in a sustainable way. 

By working together in a co-ordinated way, trade partners will be able to contribute to the delivery of the action plana framework for action – the 3 year plan to deliver the Strategy, and help grow the value of tourism, stimulating local jobs and ensuring the sustainability of the sector in Wales. Closer collaborative working will also enable partners in the sector to explore new ways, at local, regional and national levels in Wales.

Project proposals will need to: 

  • develop or enhance tourism products that have been identified as priorities within the tourism strategy and action plan
  • be in line with Visit Wales’ thematic ‘Years of Experience’ approach 
  • meet the needs of one or more of Visit Wales’ target market segments
  • demonstrate the ability to have an impact in the market place over a longer period of time

The current round of TPIF funding for 2017/18 has now closed. There will be another round opening towards the end of 2017. To be kept informed of timescales please ensure that you’ve subscribed to receive our industry newsletter or follow us on twitter @visitwalesbiz

 

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@wales.gsi.gov.uk.

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 2017 enquiry call dates are:

TAIS Call launch: 17th May 2017. This is the opening date for enquiries.

TAIS Call Deadline: 5pm 16th June 2017, the final date for receipt of enquiries.

Contact us on  tiss@wales.gsi.gov.uk 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@wales.gsi.gov.uk.

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@wales.gsi.gov.uk or 0845 010 8020.

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