Bira has urged Welsh traders to sign up for the new future proofing fund; applications can be made until June 6 or until the total value of submitted applications exceeds the budget allocations.
Earlier in March, Bira and other organisations met with Welsh Government officials to learn about the new Wales Future Proofing Fund, which offers grants of £5,000 to £10,000 to eligible micro, small and medium-sized businesses in the retail, hospitality and leisure sectors.
Andrew Goodacre, CEO of Bira, said: “This is an excellent opportunity for our Welsh members to access funding that can help them reduce their running costs and become more energy-efficient. We strongly urge all eligible members to attend these webinars and explore the possibilities offered by the Future Proofing Fund.”
The grants can be used to invest in renewable energy technology, carry out improvements to business premises, and upgrade systems or machinery to reduce energy use.
To be eligible for the funding, businesses must:
- Be located in Wales and employ people in Wales
- Employ between 1 and 249 people
- Have been trading since before April 1 2023
- Operate from a property with a rateable value between £6,001 and £51,000
- Either own or are leasing the business premises on a minimum 3-year lease that extends beyond April 1 2026
The association recommends businesses apply sooner rather than later in order to not miss out on some potential funding.
