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You are here: home | business | financial assistance

Financial Assistance

Newport City Council will be introducing low interest loans in April 2013 for new start and existing businesses in Newport undertaking investment.

New! Low interest loans for new start and existing Newport businesses

Help and advice

Further details on the new business loan scheme and help in sourcing other financial assistance for your business from Newport City Council’s business services team, telephone (01633) 656656 or email business.services@newport.gov.uk

Potential sources of finance

Factoring and discounting

Businesses can raise finance by selling their outstanding invoices (accounts receivable), or using them as collateral.

For further information visit Business Wales (opens new website)

Exporting

The Welsh and UK Governments offer subsidies to attend their overseas trade missions and for approved business development visits to overseas markets.

For further information contact the council’s business services team or visit Business Wales (opens new website)

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 and 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.

Also, 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. The next round of applications will be invited in June 2013. For further information, contact info@cfiw.org.uk .

Video Gaming and Film Production

Special tax reliefs are available for eligible expenses incurred in making films and video games.

For further information visit HM Revenues and Customs (opens new website)

Related information

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