Administrator: CYNGOR GWYNEDD
Total UKSPF Gwynedd funding: £1,800,000
Project summary: The purpose of the project is to provide Gwynedd businesses with the help, information, and financial support that they need to start, develop, and thrive. There are five work streams in the package, offering the most appropriate support to the County's businesses, namely:
- Implementing Cyngor Gwynedd’s business engagement strategy,
- Community Catalysts Project,
- Recharge Project,
- Digital Platform Project, and
- Business Support Fund
The Business Support Fund offers two different strands available to businesses – Business Development Funds (Spark and Transformation) and Property Improvement Grants. A total of £1.7 million is available to support businesses, which is a combination of UKSPF funding, a direct contribution from Cyngor Gwynedd, and a contribution from the Welsh Government.
The fund has now been paused - it was possible to apply for small grants under £25k and grants between £25k and £250k for each type of grant. There was an open call from August 2023 for businesses across Gwynedd to submit grant applications, and applications totalling over £10.7 million were received.