The new Wales SME Investment Fund has been set up to ensure more SMEs, including those who sell their goods and services to consumers rather than businesses, become eligible for repayable commercial investment.
The scheme is designed to create up to 4,000 jobs.
The programme has an overall budget of £40 million available for distribution between 2012 and 2016. It will provide debt, mezzanine and equity funding, with a ceiling of £2 million per investment.
The scheme is open to small and medium-sized businesses (SMEs) in Wales. There are no geographical limitations, so businesses, regardless of where they are based in Wales, may apply.
Applications may be submitted at any time.
(Source: Grantfinder)
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