We welcome the Welsh Government’s announcement today of a further round of the Wales Economic Growth Fund (WEGF) with an additional investment of £30 million, to open to applications next month (closing date of 5 April).
The WEGF provided discretionary non repayable grant support across all sectors to support projects in Wales that involved capital investment, job creation and safeguarding.
In the previous round of WEGF, the Welsh Government received over 500 applications for in excess of £100 million of funding. Grant offers of approximately £32 million were made to 118 projects creating and safeguarding approximately 3,500 jobs.
Our specialist grants team at MHA Broomfield Alexander advised on 7 successful applications to the WEGF in this first round of funding, raising in excess of £1.5 million in grant funding which enabled clients across a broad range of sectors to invest in the capital equipment and the additional staff required to support their growth plans.