Business loans from Newport City Council
These business loans help Newport businesses grow by supporting investments in plant and equipment, information technology, marketing projects and building improvements.
Interest rate is charged at 1% above the Bank of England base rate and loans are discretionary.
There are two loan schemes:
- Loans for established businesses over 12 months old
- Loans for new businesses under 12 months old and start ups
Start-up business grants
New! Low interest loans and start up grants for Newport businesses
Offered by Newport City Council and UK Steel Enterprise, the grants are for start-ups and new businesses that have been trading for less than 12 months and can be used towards the first year’s rental of commercial premises, investments in plant and equipment, information technology and websites.
Superfast broadband grants
Through the Super Connected Cities project, Newport City Council is working with the UK government to improve the availability and use of superfast and ultrafast broadband in Newport.
For a limited period we can help fund a broadband connection for small and medium-sized businesses, charities, social enterprises and other not-for-profit organisations. We'll provide you with a grant to cover up to £3,000 of the connection costs. For further information, or to register your interest visit Superfast Newport.
Welsh Government Open for Business Rate Relief Scheme
This is a Welsh Government Scheme that encourages long term vacant properties to be re-occupied.
Eligible properties are those which:
- have been unoccupied for a continuous period of twelve months or more
- have a rateable value of no more than £45,000
- meet certain previous/existing use criteria
Eligible applicants will be entitled to claim 50% rate relief for twelve months, subject to State Aid ‘de minimis’ limits, read more…
Help and advice
Telephone (01633) 656656 or email firstname.lastname@example.org to find out about the Council’s business loans and start up grants or help in sourcing other financial assistance.
Potential sources of finance
- Equity Financing
- Green Finance
- Factoring and discounting
- Finance for Start Ups
- Finance for Employment
- Finance for Research and Development
- Finance for Property Improvement (Pillgwenlly Regeneration Project)
- Finance for Tourism Enterprises
- Finance for SMEs in the Advanced Materials and Manufacturing Sector
- Wales Economic Growth Fund 2
- Video Gaming and Film Production
- Digital Development
- Construction Sector Development Fund
Finance for social enterprises
A social enterprise is a business with social objectives whose surpluses are reinvested for that purpose.
They can take advantage of most forms of finance listed above as well as financial assistance schemes specific to social enterprises:
- Newport City Council has small scale grant assistance available through its Community Development Team and Wales Council for Voluntary Action (opens new website) has a loan fund for the development of social enterprises.
- The Santander Social Enterprise Development Award (opens new website,) run in association with the Community Foundation for Wales, can give up to £50,000 to established social enterprises looking to grow. Practical assistance and mentoring can also be provided, contact email@example.com .
- Social Enterprises may be eligible for grants up to £5000 from the Big Lottery Fund to help with the costs of investments, training or staging events, visit Awards for All: Funding - Big Lottery Fund (opens new website)
- Ignite Social Investment Fund can provide loan or equity investments of between £50,000 and £2 million for social enterprises in the energy sector. For details visit www.ignitesocialenterprise.com
- Crowd funding can also be a good way of raising finance for social enterprises. One example is Spacehive (opens new website) supported by the Department for Communities and Local Government. No money needs to be paid back to contributors and it can support community projects and social enterprises which revitalise town or city centres.