Business Investment and Start Up Grants

The £2.8m Business Investment and Start Up Grants form part of Neath Port Talbot Council’s delivery of its allocation of the UK Shared Prosperity Fund.

Business Investment Grant

Minimum grant award

£500

Maximum grant award

£50,000

Aim of the fund

Neath Port Talbot CBC sees investment in new business start-ups, the development of existing businesses and the attraction of inward investors as critical to supporting local communities and the economy.

Investment in the development of local businesses is essential to ensuring the long-term sustainability of any venture, through building resilience, capacity, increasing productivity, improving skills and developing their flexibility to respond to the changing needs of the wider economy. Further, there is the need for investments that reduce businesses impact on the environment.

With such investment, Neath Port Talbot cultivates a more dynamic, innovative, greener and versatile economy, with a skilled and flexible workforce that is able to withstand the challenges that face the global economy over time.

Discretionary grants of between £500 and £50,000 are available, and will be considered on a case-by-case basis.

Business Start Up Grant

Maximum grant award

£5000

Aim of the fund

The funding provided under the programme is to assist new start-up businesses to become established and to provide full time or part time employment for the applicant.

Applicants may claim up to £5,000 to help with start-up costs. This will be match funded at

• 100% for up to £2,000,
• 50% for between £2,000-£5,000.

Funds are discretionary. Applications will be considered on a case-by-case basis after assessing the grant eligibility criteria and the benefits of the grant to the business.

Application information

There is a two stage online application process:

1. Expression of Interest
2. Application

To discuss your proposed project please email spfbusiness@npt.gov.uk

Application deadlines

Round 1 launching soon.