Welsh Government Future Proofing Fund available to businesses in Wales

The Welsh Government Future Proofing Fund opened in May 2024 and will be available to micro, small and medium-sized businesses in the retail, hospitality and leisure sectors.

Grants of between £5,000 and £10,000 will be available through the fund to help businesses to invest in renewable energy technology, carry out improvements to the fabric of business premises, and upgrades to systems or machinery to reduce energy use.

The total project costs can be any amount, but the Welsh Government grant element cannot exceed 75% of the eligible capital project costs or £10,000, whichever is the lesser amount. The business will contribute the remaining match amount from other sources. Applicants cannot use any other form of grant or funding from any other public sector organisation including the Welsh Government as match funding against this fund (i.e. no duplication of public sector funding).

All awards under the Future Proofing Fund are discretionary and there is no appeals process. Making or submitting an application to the fund does not guarantee all or some of the finance you require.

The applications for the fund are open on a competitive call until 11:59pm on Thursday 6 June 2024 or until the total value of submitted applications exceeds the budget allocation. Please use this eligibility checker to help gather the necessary information.

It is anticipated that all successful applications will be notified by the 31 August 2024.

If offered an award, applicants must complete their project in full and submit their claim with the required evidence of defrayed expenditure by 28 February 2025. We encourage applicants to claim as soon as the project is completed.

You can find out further information and details on how to apply here.