South East Wales Local Investment Fund
The project has been developed with support from the Welsh Assembly Government through the European Regional Development Fund, under the Convergence Programme.
Designed to complement the Welsh Assembly Government's Single Investment Fund, LIF provides financial support to help eligible local businesses realise their ambitions to develop and grow, by supporting investment in capital projects.
Is my business eligible?
The LIF fund is specifically designed to support a range of small and medium size enterprises (SMEs). The grant is aimed primarily at the manufacturing sector and associated services. Retail is not eligible, but other sectors can be considered if they can demonstrate that a significant proportion of their activity is business to business (at least 75%) and that they have the ability to 'add value' or offer net benefits to the local economy (e.g. through the creation of new jobs).
What support is available?
Grants from £1,000 to £10,000 are available based on 40% of the total eligible costs.
Eligible capital projects include:
- Capital equipment
- ICT equipment
- Development of websites
- Marketing materials
- Some external and internal building works
Expenditure incurred before grant approval is not eligible for funding.
