Funding Opportunities in Denbighshire: Grants & Loans for Startups & Small Businesses

Denbighshire County Council actively supports the growth of its local business community, offering various financial support mechanisms to aid startups and small businesses.

Grant and Loan Programs

Grants:

Transforming Towns Property Development Grant: Provides funding from £5,000 to £50,000 to refurbish commercial properties in Rhyl town centre, supporting the area's regeneration efforts.
- Transforming Towns Property Development Grant Information
Community Innovation Denbighshire: Offers up to £5,000 to micro-firms, community groups, and social enterprises for pioneering sustainable products and services.
- Community Innovation Denbighshire Details

Government-Backed Loans:

Development Bank of Wales: Provides a range of financial products, including loans and equity investments, to support businesses throughout their growth stages.
- Development Bank of Wales
Start-Up Loans: Offers personal loans and mentoring to new businesses across Wales, encouraging entrepreneurship.
- Start Up Loans

Key Resources

Business Wales: Offers extensive support for funding, business start-up, and development.
- Business Wales Website
Denbighshire County Council - Business Support: Provides detailed information on local support programs and funding opportunities.
- Denbighshire Business Support

Council Contact Information

Phone: 01824 706000
Email: business.support@denbighshire.gov.uk
Website: Denbighshire County Council

Advice on Applying

Contact: Business Wales or Denbighshire’s Business Support Team for tailored advice.
Check Eligibility: Confirm your business meets all eligibility criteria for the desired funding.
Prepare a Strong Application: Include a detailed business plan and financial projections.
Meet Deadlines: Ensure your applications are submitted before the deadlines.

Frequently Asked Questions

What is the maximum grant available through the Transforming Towns initiative?
- Up to £50,000, depending on the project and location specifics.
Can startups apply for the Community Innovation grant?
- Yes, startups can apply if they bring innovative solutions that benefit the community and environment.
What are the repayment terms for loans from the Development Bank of Wales?
- Terms vary by loan type and business needs, generally offering flexible repayment options.
Who can apply for the Start Up Loans in Denbighshire?
- Any new business under 24 months old that meets the eligibility criteria.
How can I make my grant application stand out?
- Focus on how your project aligns with local economic goals, especially sustainability and innovation.
Are there grants available for property improvements in town centres other than Rhyl?
- Currently, specific grants target Rhyl but check for updates as other areas may be included.
What kind of support does Business Wales provide to applicants?
- From workshops to one-on-one advisory services, covering topics from finance to marketing.
When is the deadline for the current grant rounds?
- Deadlines vary; it’s essential to check the Denbighshire Council website or contact Business Wales for the most current information.
Can social enterprises apply for financial assistance?
- Yes, social enterprises can apply for specific grants like the Community Innovation Denbighshire.
What documentation is typically required for loan applications?
- Generally, you'll need a business plan, financial forecasts, and proof of eligibility.

These structured resources and insights should assist entrepreneurs and small business owners in Denbighshire in accessing necessary financial support to drive their growth and success.

Value AD

CAN BE

ALTERNATIVE

INVESTMENT

What is Value Ad?

Value Ad is an innovative policy designed to foster a mutually beneficial relationship between two key groups: new businesses and service providers. This policy helps startups save significantly on essential services while enabling service providers to gain valuable traction and growth opportunities.

How is it a Win-Win Deal?

For New Businesses:

Cost Savings: Startups can save 50% to 80% on essential services such as website development and marketing. This means they don’t need to invest heavily upfront, making it easier to launch and grow their business.

Alternative Investment: The money saved through these discounts can be reinvested into other critical areas of the business, acting as an alternative investment that fuels further growth and development.

For Service Providers:

Initial Customer Base: Service providers, often tech startups themselves, can attract a significant number of initial customers by offering their services at a discounted rate. This helps them build traction and demonstrate value, which is crucial for attracting venture capital (VC) funding and other opportunities.

Marketing Efficiency: By providing affordable services, service providers do not need to spend heavily on marketing to acquire new customers. The discounted services themselves become a powerful marketing tool, bringing in customers who can spread the word and enhance the provider’s reputation.

Growth and Expansion: Attracting more customers through Value Ad helps service providers expand their client base and build long-term relationships, which can lead to increased revenue and business growth.

Alternative Investment for New Businesses:

For new businesses, the significant cost savings achieved through the Value Ad policy effectively serve as an alternative investment. Instead of spending large amounts on website development and marketing, they can leverage the affordable services provided by service providers. The saved funds can be redirected into other strategic areas of the business, enhancing overall growth and sustainability.

Benefits for Service Providers:

Service providers benefit from the Value Ad policy by gaining access to a ready pool of new customers who are drawn by the discounted rates. This initial customer base is crucial for:

Building Traction: Demonstrating product or service viability to potential investors.

Securing Funding: Enhanced customer traction and a growing user base can make the service provider more attractive to venture capitalists and other funding sources.

Market Penetration: Establishing a presence in the market quickly and efficiently without heavy marketing expenditures.

In Summary:

Value Ad is a strategic policy designed to create a win-win scenario for both new businesses and service providers. By offering significant discounts on essential services, startups can save and reinvest those savings, while service providers gain crucial initial customers and market traction. This mutually beneficial arrangement supports the growth and success of both groups, making Value Ad a powerful tool for business development and investment.

Value AD

CAN BE

ALTERNATIVE INVESTMENT