Financial Support

Torfaen benefits from the highest level of assistance under the European Union’s Structural Fund Programmes, giving businesses access to a number of financial support schemes.

The Torfaen Economy & Enterprise Team can aid and identify your individual business needs for funding and financial assistance.  Through funding streams provided by ourselves or through other financial aid bodies such as Welsh Government, Development Bank of Wales or Angels Invest Wales, the team is able to offer advice and guidance every step of the way.

  1. Business Start -up Loans - Torfaen Economy & Enterprise and Gateway Credit Union are working together to offer sole traders in Torfaen a Business Start-up Loan. Other loans are also available from Gateway Credit Union for Torfaen businesses.
  • Tourism Investment Support Scheme - Up to £500,000 is available for eligible capital investment projects.                            

  • Other Funding Streams - such as Repayable Business Finance; SMARTCymru - Research, Development and Innovation; Innovation Vouchers; Overseas Business Development Visit Support and Development Bank of Wales 

Businesses that are looking to re-locate can be inspired with confidence knowing that they could benefit from specialist support from: