The Welsh Enterprise Zone Business Rates Scheme has been set up to provide financial support for business rates liabilities incurred by small and medium-sized enterprises (SMEs) located in one or more of the seven Enterprise Zones of Wales.
The scheme targets support at boosting job creation and business growth. It will operate as a competitive grant programme within each Enterprise Zone. Priority will be given to new start-ups and businesses looking to increase their workforce.
From a pool of £20 million to be awarded throughout the lifecycle of the scheme, individual grants of up to £55,000 per annum are available.
Applications are welcome from new and expanding businesses operating as SMEs within the boundary of a Welsh Enterprise Zone. These zones are located in Cardiff, Anglesey, Deeside, St Athan – Cardiff Airport, Snowdonia, Ebbw Vale and Haven Waterway.
In order to ascertain eligibility, interested parties may refer to an Enterprise Zone map at the following website: http://business.wales.gov.uk/enterprisezones
The next deadline for applications is 30 September 2015.