Loans to businesses under 12 months

Newport City Council Loans for Businesses under 12 Months Old

Loans of up to £1,000 are available from Newport City Council to pre- start ups and new businesses that are under 12 months old. 

The award of a loan is entirely discretionary.

To discuss or request an application form for a loan, please email or telephone (01633) 656656. 


The loan is available to pre-start ups and new businesses up to 12 months old. 

Companies, partnerships, sole traders and social enterprises are eligible. 


The loan is available towards: 

  • Plant and equipment (second hand is eligible subject to conditions)
  • ICT equipment
  • Software, websites and related training
  • New marketing projects (e.g. new branding or new activity to reach new markets) identified in a marketing plan
  • External and internal building works and alterations 
  • Capital expenditure related to obtaining ISO accreditations 


Loans are available of up to 40% of eligible and reasonable costs. 

The minimum loan is £500 for a minimum total spend of £1,250 net of VAT and the maximum loan is £1,000 for a minimum total spend of £2,500 netof VAT. 

Loans are repayable over 12 months from the start of the loan by standing order. 

The interest rate charged is 1% above Bank of England base rate at the time of the loan offer and is fixed for the duration of the loan. 


The proposed project must be located in the Newport City Council area and must safeguard or create jobs paid at or above the minimum wage. 

Businesses in any sector can be considered if the project has the capacity to offer a net benefit to the local economy while not adversely affecting other local businesses. 

Applicants should not commit to expenditure before receiving written notification of the loan approval.