Value AD
2025
100% FREE
BUSINESS TOOl
🚀 Apply for £10k+ grants with our Startup Launch Kit
Last update
20/07/2025
2025 Grants & Loans for Start-ups & Small Businesses in Powys, UK
Introduction
Powys County Borough offers a range of funding options aimed at helping start-ups and small businesses flourish. This guide outlines key grants, government-backed loans, and support resources available in 2025 to help your enterprise grow and innovate.
Available Grants
🔹 Powys Business Start‑Up Grant
-
Purpose: Funded through the UK Government’s Shared Prosperity Fund, it helps new businesses set up in Powys.
-
Amount: £1,000 – £10,000 (50% of eligible costs or £5,000 per job, whichever is less), with a requirement to create or safeguard at least one job (Powys County Council, GrantFinder).
-
Eligibility: Pre-start stage, based in Powys, creating or safeguarding jobs; exclusive to new ventures (Cwmpas).
-
Apply: Submit via Powys County Council’s Economic Development team (e.g. email economicdevelopment@powys.gov.uk) (Powys County Council).
🔹 Powys Business Growth Grant
-
Purpose: Supports existing businesses to expand, innovate, or secure jobs.
-
Amount: £1,000 – £25,000 (50% of eligible project costs or £5,000 per job created/safeguarded), with at least one job created/safeguarded required (Powys County Council).
-
Eligible Activities: Capital and one-off revenue projects (not routine costs), across multiple sectors including manufacturing, tourism, IT, and food & drink (Powys County Council).
-
Apply: Expression of Interest via Powys Council’s Economic Development team.
🔹 Transforming Towns Placemaking Grant
-
Purpose: A capital fund for regenerating town centres across mid-Wales, including Powys, under the Welsh Government programme (ceredigion.gov.uk).
-
Funding Details: £4 million allocated region-wide (2025–2027); grants range from £30,000 to £300,000 for eligible public, private, and third-sector projects (ceredigion.gov.uk). Projects must align with local placemaking or town centre plans and complete by December 2026 (ceredigion.gov.uk).
-
Apply: Contact Powys County Council officer via the Council’s UK SPF Transforming Towns page (ceredigion.gov.uk).
Government‑Backed Loans
🔹 Start‑Up Loans Wales (British Business Bank)
-
Purpose: Supports individuals starting or growing their business.
-
Amount: £500 – £25,000 personal loans with 12 months free mentoring at around 6% APR.
🔹 Development Bank of Wales
-
Purpose: Offers flexible debt and equity finance.
-
Amount: From £1,000 up to £3 million—ideal for businesses scaling or innovating.
Key Resources
-
Business Wales – National support hub for funding, mentoring, and advice
-
Powys County Council – Business Support – Local funding details and guidance
-
Find Business Support – Welsh Government’s searchable funding database
-
Economic Development (Powys Council) – Contact via website for enquiries
Eligibility Guidance
-
Use GOV.UK Business Finance Finder
-
Reach out to Powys Council’s Economic Development team for detailed advice
-
Consult Business Wales for Welsh-wide funding eligibility and application help
Application Process
-
Identify your appropriate grant or loan.
-
Confirm eligibility and required match-funding.
-
Prepare essential documents: business plan, financial projections, quotes.
-
Submit your application via the relevant portal or email.
-
Work with Council or Business Wales advisors for guidance.
-
Monitor your submission; provide evidence of job creation or project outputs as required.
Additional Tips
-
Attend Powys business workshops and clinics to enhance your application.
-
Leverage mentoring and networking programmes like Start‑Up Loans and Business Wales.
-
Explore community support like Cwmpas for social enterprises (Cwmpas).
Contact & Further Information
-
Powys Council Economic Development: via council website
-
Business Wales: https://businesswales.gov.wales
Frequently Asked Questions (FAQs)
🔹 What costs are covered by the Powys Business Start‑Up Grant?
It supports equipment, marketing, initial operational expenses, and professional fees.
▫️ Can I apply for multiple grants at once?
Yes—as long as project components align with each funding criteria and you meet match-funding rules.
🔹 What should my business plan include for grant applications?
Outline your business model, market analysis, objectives, financials, and how the grant will achieve these.
▫️ How long does it take to receive funding after approval?
It varies; grant windows may close quickly, while loan approvals depend on documentation completeness.
🔹 Who qualifies for the Transforming Towns Placemaking Grant?
Public bodies, private businesses, and third-sector organisations working on eligible town centre regeneration projects.
▫️ What mentorship is included in Start‑Up Loans?
Support is provided across business planning, financial management, marketing, and operations.
🔹 Does the Development Bank focus on specific sectors?
They support all sectors, with particular interest in innovative and scalable businesses.
▫️ What if my application is rejected?
Request feedback, refine your approach, and consider reapplying or exploring alternative funding routes.
🔹 Are non-profit organisations eligible for Powys grants?
Yes—certain grants aimed at community or economic development include non-profits.
▫️ Is there ongoing support after receiving funding?
Yes—post-funding support may include further mentoring, training, or advisory services.
