shadow shadow shadow shadow shadow
    Last update 16/08/2024

    Funding Opportunities in the Isle of Anglesey: Grants & Loans for Startups & Small Businesses

    Isle of Anglesey, known for its unique blend of natural beauty and a thriving business community, provides numerous financial support options for startups and small businesses looking to launch or expand their operations. Below is a breakdown of the grants and government-backed loans available in this region.

     

    Grant and Loan Programs

    Grants:

    • Arfor Enterprising Communities Fund: Offers grants ranging from £5,000 to £75,000, covering up to 70% of eligible project costs for businesses that contribute to the local language, culture, heritage, and environment. Arfor Enterprising Communities Fund

    • UK Shared Prosperity Fund: This fund provides various grants to support local businesses and communities. Details can be obtained through Business Wales and Môn CF.

     

    Government-Backed Loans:

    • Start-Up Loans Wales: Provides government-backed personal loans from £500 to £25,000, complemented by 12 months of free mentoring support. Start Up Loans Wales

    • Development Bank of Wales: Offers a variety of loan and equity investment options to support Welsh businesses at different growth stages. Development Bank of Wales

     

    Key Resources

    • Business Wales: A comprehensive resource offering guidance on funding, starting, and growing a business. Business Wales

    • Môn CF: A local enterprise agency providing support and advice to businesses on Anglesey. Môn CF

    • Anglesey County Council - Business Support: Offers details on local business support programs, including funding opportunities. Anglesey County Council - Business Support

     

    Council Contact Information

     

    Advice on Applying

    • Contact: Engage with Business Wales or Môn CF to explore the most appropriate funding options.
    • Check Eligibility: Ensure your business meets all eligibility requirements for each funding program.
    • Prepare a Strong Application: Include a well-developed business plan and financial projections.
    • Meet Deadlines: Submit all applications by the due dates.

     

    Frequently Asked Questions

    1. What types of projects does the Arfor Enterprising Communities Fund support?

      • Supports projects that enhance local culture, language, heritage, and environment.
    2. How can I apply for a Start Up Loan in Wales?

      • Applications can be made through the official Start Up Loans website.
    3. What is the maximum funding available from the UK Shared Prosperity Fund?

      • Specific funding amounts can vary; contact Business Wales or Môn CF for detailed information.
    4. Are there specific grants available for technology upgrades in Anglesey?

      • While not specified, technology upgrades can often be funded under broader business development grants.
    5. Can I receive mentoring along with a loan?

      • Yes, mentoring is provided with Start Up Loans.
    6. Who can apply for the Development Bank of Wales loans?

      • Any business based in Wales looking for growth or startup funding.
    7. What should be included in a business plan for grant applications?

      • Business goals, financial forecasts, market analysis, and funding impact.
    8. How can Môn CF assist my business in Anglesey?

      • They offer localized business advice and can help navigate funding options.
    9. Is there a deadline for the Arfor Enterprising Communities Fund applications?

      • Deadlines may vary; check the Anglesey County Council website for current details.
    10. Can startups apply for the UK Shared Prosperity Fund?

      • Yes, startups can apply if they meet other program-specific criteria.

     

    By leveraging these resources, entrepreneurs in the Isle of Anglesey can access crucial financial support to help their businesses succeed and grow.

     

     

    We use cookies and similar technologies that are necessary to operate the website.Please read our cookie policy.

    We use cookies and similar technologies that are necessary to operate the website. Additional cookies are only used with your consent. We use the additional cookies to perform analyses of website usage and to check marketing measures for their efficiency. These analyses are carried out to provide you with a better user experience on the website. You are free to give, deny, or withdraw your consent at any time by using the "cookie settings" link at the bottom of each page. You can consent to our use of cookies by clicking "Agree". For more information about what information is collected and how it is shared with our partners, please read our cookie policy.

    • Required to run the website
    • Monitoring website usage and optimizing the user experience
    • Evaluation of marketing actions
    • Storage of your preferences from previous visits
    • Collecting user feedback to improve our website
    • Recording of your interests in order to provide customised content and offers
    Cookie Settings Accept