Small business grants competition

SmallBusiness.co.uk has launched a new grants competition, giving away £5,000 monthly to businesses turning over between £50,000 and £500,000.

If you run a small business that was incorporated at least one year ago, are actively trading, and your turnover is between £50,000 and £500,000, you are eligible to enter. All you have to do is fill in a single form talking about your business.

In your application, make sure you include as much information as possible on your successes so far. Using figures and examples where you can, such as turnover growth, key contracts won, partnerships forged, or anything else that helped your business move forward, will help your nomination.

For further information please visit The Small Business website.

DIGITAL SURVEY FOR SME’s

Cardiff University’s Welsh Economy Research Unit will launch the latest annual Digital Maturity Survey on September 10th in conjunction with the Welsh Government. The survey provides the primary source of data on Welsh businesses and their Digital Maturity – reflecting their IT skills and use of digital technologies.

Evidence from the previous Digital Maturity Surveys (2016 and 2017) shows businesses achieved significant benefits from the adoption of such technologies, with 50% of Welsh SMEs reporting increased profits from the use of superfast broadband.

All businesses taking part in the 2018 survey will be eligible to receive a copy of their free Digital Maturity Score (this will be sent to all participants in early 2019), showing how they compare to others in Wales. The survey can be accessed at: https://bit.ly/2w2koYe

The Rural Business Investment Scheme

This is a capital investments scheme to support projects that offer clear and quantifiable benefits to the food and drink industry in Wales.  The scheme is open to existing and start up micro & small food and drink processors and manufacturers throughout Wales such as:

  • Sole traders
  • Voluntary sector organisations
  • Private and public limited companies
  • Businesses that want to process agricultural products but do not meet the criteria for the Food Business Investment Scheme
  • New businesses including start-up businesses
  • The maximum grant for an individual investment project is 40% of the total eligible cost with a maximum of £50,000 for any individual investment project.

The current application window is open and the closing date is 19 September 2018.  Another application window will open on 29 October 2018 and closes on 3 December 2018.

For further information go to gov.wales