Bioscience companies in Wales can access targeted funding provided by the Welsh Assembly Government, and Finance Wales. Some examples of this support include:
Finance Wales
Finance Wales provides commercial finance to small and medium-sized enterprises (SMEs) based in Wales. Whether you, or your clients, are thinking of starting a business or are in the initial months of trading - or if the business is already established - we can provide funding solutions to help owner-managers meet the challenges posed by their business aspirations.
Our investment and lending facilities span small loans starting at £1,000 through to the provision of venture capital and tailored finance packages of up to and beyond £1 million.
Working closely with the banks and other private sector investors, we invest on a commercial basis into companies across a range of industry sectors. Our funding packages have been designed for every stage of your business growth cycle and are individually tailored to meet the needs of each business.
In addition, we run a suite investment support activities to help you increase your awareness of investment-ready issues and to ensure you benefit fully from our investment once it is in place.
We have six offices across Wales - in Cardiff, Newport, Swansea, Newtown, St Asaph and Treforest - so that you can access up-to-date information about the funding that we offer and can talk in person to an experienced member of staff.
If you would like further information on the ways in which we can assist, click on the link below or call us on 0800 587 4140.
www.financewales.co.uk
Backing to kick-start bioscience businesses
The Welsh Assembly Government's Regional Selective Assistance and Assembly Innovation Grant are available to support capital expenditure.
Regional Selective Assistance is available (in assisted areas of Wales) to encourage investment in Wales in eligible investment projects. The discretionary Assembly Innovation Grant is aimed at smaller businesses making capital investment (for projects ranging between 1 to 3 years) in Wales.
Access to initial start-up finance through a Regional Selective Assistance grant from the Welsh Assembly Government, which John cited “as real benefit as it meant that Marix did not have to go to a venture capitalist for start up capital,” John Roberts - Commercial Director - Marix Drug Development Ltd
Finance for innovation
SMARTCymru
Funding and support for the research, development and exploitation of technologically innovative products and processes.
Technology Exploitation Programme.
A pan-Wales programme that provides grants to part-fund the purchase of expertise and equipment to improve business.
Individual account managers can also provide businesses with business support grants, as well as being able to help unlock the comprehensive range of grant funding and business support available from the Welsh Assembly Government, making the right connections where necessary.
