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Applications open for share of £2 million regional business support scheme

APPLICATIONS are being taken for a share of a £2million regional business support scheme for innovative growth and development in Ceredigion.

The county is one of four areas involved with the Arfor Innovation Fund which offers a maximum of £10,000 to support new business start-ups and encourage entrepreneurship.

There is also up to £40,000 available through the Tyfu yw’r Nod – Going for Growth to support existing enterprises.

A report to Ceredigion County Council’s cabinet on Tuesday (October 15) will update members of the Welsh Government funded scheme which also aims to improve community resilience and the Welsh language.

During the summer briefing sessions were held in Aberystwyth, Cardigan, Lampeter, and Tregaron for prospective applicants with a similar session planned in Llandysul.

A report to cabinet adds that an assessment panel has been established with representatives from Menter a Busnes, Business Wales, Cered, Ceredigion Financial Services and chaired by Cllr Rhodri Evans, a cabinet member who
holds the economy regeneration portfolio.

An Inter Authority Agreement has also been drafted setting out the arrangements between authorities with the whole scheme due to appear on a scrutiny agenda in the near future.

Cabinet meet on Tuesday, October 1, 10am.

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