£54 Million to Support Businesses in Wales
Information from WEFO website:
Deputy First Minister Ieuan Wyn Jones has launched a new Local Investment Fund – designed to support the growth of more than 4,000 new or small enterprises by generating total investment of some £54 million. The Local Authority led fund will provide grants of up to £5,000 meet up to 40 per cent of the cost of capital investments such as buying new equipment or extending business premises. The Fund, which will have total resources of £23 million drawn by the Welsh Assembly Government from the European Regional Development Fund, is expected to generate total investment of approximately £54 million and help create some 3,000 jobs. For more information go to http://www.wefo.wales.gov.uk/default.asp?action=newsdetail&ID=2599
