Several sources of finance could be available to Technium companies developing new products and processes. Your Technium manager can put you in touch with the right person for more information on equity/finance and grants available:
Equity/Finance
Finance Wales
Finance Wales provides commercial funding to SMEs throughout Wales, to help with innovation and growth. They invest in start-up, early-stage, developmental capital and succession deals. They have a flexible yet focused approach to investment, with a growing number of syndicated deals and co-investments. Tel: 0800 587 4140, email: info@financewales.co.uk.
Financial Support
Grants present one of the softest options for company financing, as many do not have to be paid back and are often easier to acquire than loan or equity financing. Some grants are aimed at encouraging certain activities such as research and development or international trade, while others aim to stimulate job creation.
Welsh Assembly Government
The Welsh Assembly can assist all sizes of business with bespoke packages of financial support that meet their needs such as start-up, expansion, modernisation, restructuring or to develop new products, processes or services.
You can obtain further information on financial support by calling +44 (0)3000 603000 or visiting the following Welsh Assembly Government specialist business support websites:
www.business-support-wales.gov.uk
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