Grant support is available from the Welsh Government in order to encourage companies to undertake Research and Development activities in Wales.
The funding is aimed at supporting SME’s although non SME’s can potentially access support on an exceptional basis.
The funding is available throughout Wales and is not restricted to Grant Assisted Areas.
Grant support can be provided through the following schemes:
1. Innovation Vouchers – Innovation vouchers are available to support R&D activities undertaken up to a maximum of £10,000 and 50% of eligible project costs per innovation voucher. An applicant company can apply for 2 innovation vouchers in any 12 month period. Eligible costs are limited to the costs of using external suppliers to undertake the work.