The Newport City Council Business Support Fund
The Newport City Council Business Support Fund has the general aim of stimulating economic development in the city. Eligibility and conditions reflect current strategic objectives for the local economy, as set forth in the Council’s Economic Growth Strategy.
The Fund criteria may vary from year to year, but it offers direct financial support to new or existing SMEs in the form of small grants. Grants offered to eligible businesses, who meet the required criteria, may support towards costs such as the purchase of equipment.
New City of Newport Business Grants
The next round of the City of Newport Business Grant Scheme is now open.
Grants of 50% of net costs up to £2,500 are available for businesses outside the city centre and grants up to £5,000 for those located within the city centre.
The grant can be used as match funding towards up to three capital equipment items. Specifically, this covers, plant and equipment, ICT equipment and software, and/or website development and related training.
This grant cannot be used towards rent, salaries, signage, furniture, property refurbishment, the purchase of vehicles, stock/consumables, marketing collateral, training and/or licenses.
Applicants need to evidence that they have existing funds to cover the total cost of the investment, as the grants are paid retrospectively.
Please note: all funds must be spent by the end of March 2023. There is a limited amount of funding available, and the grant scheme will close once all funding has been allocated.
If you think you will be making an eligible investment in the next 6 weeks, that you can demonstrate will lead to business growth and further job creation, please provide an outline of your project to firstname.lastname@example.org.
Only businesses with an eligible investment project will be invited to apply.
Stay in touch
If you are not currently receiving our e-newsletter (which provides regular updates on the support available for businesses) but would like to, please sign up here to be added to our database.