Find finance and support in Wales

This list was last updated on 19 February 2024. Use our ‘add a source of finance or support’ form to have a programme added to this section.

UK-wide finance and support

These support schemes and networks are available across the UK:

  • BEIS Industrial Energy Efficiency Accelerator provides funds for companies willing to implement low carbon technology
  • Business rates relief – some businesses in England are eligible for a reduction in their business rates bill. This is called ‘business rates relief’. The rules for business rates relief are different if your property is in Scotland, your property is in Wales or your property is in Northern Ireland.
  • Capital allowances – businesses who are eligible can fully expense their plant and machinery costs and access 50% first-year allowances for special rate expenditure from April 2023 until 31 March 2026
  • Clean Growth Fund invests in early stage UK companies seeking investment capital for low carbon activities
  • Energy Bills Discount Scheme runs for 12 months from 1 April 2023 to 31 March 2024. The baseline discount provides some support with energy bills for eligible non-domestic customers and is applied automatically. The Energy and Trade Intensive Industries (ETII) discount provides a higher level of support to businesses and organisations in eligible sectors – you need to apply for this support. Eligible organisations will have 90 days from 26 April 2023 to apply for the higher support. New organisations or newly eligible organisations will have 90 days to apply from the date at which they become eligible.
  • Energy Saving Trust’s ‘Transport for funding for businesses and local authorities’ for information on low carbon transport grants and loans available in the UK and Scotland
  • Gigabit vouchers give up to £1,500 for homes and £3,500 for businesses to install high speed internet in rural areas
  • Green Economy allows SMEs to buy and sell low carbon products and services to other businesses
  • Green Skills Bootcamps are part of the Government’s Lifetime Skills Guarantee. They are designed to provide industry relevant training and sector-based skills for eligible individuals or those who are self-employed. Employers can use the list of Skills Bootcamps training providers to find local colleges and providers to work with.
  • Industrial Energy Transformation Fund gives matching funds to businesses with high energy use from industrial processes matching funds – up to £30M for feasibility studies, efficiency measures and decarbonisation deployment. For queries about the IETF for England, Wales and Northern Ireland, contact For queries about the Scottish Industrial Energy Transformation Fund (SIETF), contact
  • VAT will no longer be charged from 2022 to 2027 on some domestic energy saving measures in England, Scotland and Wales. Eligible measures include insulation, heat pumps, solar panels, wind turbines and more. In Northern Ireland, the list of qualifying goods and rate of VAT due on installations will remain unchanged. The Northern Ireland Executive will receive a Barnett share of the value of the relief until it can be introduced UK-wide.
  • Workplace Charging Scheme gives businesses up to £350 per socket (up to a total of 40) to install electric vehicle chargepoints
  • Wrap supports a voluntary agreement on food waste – the Courtauld Commitment 2030 – which enables collaborative action across the entire UK food chain to deliver farm-to-fork reductions in food waste, greenhouse gas (GHG) emissions and water stress that will help the UK food and drink sector achieve global environmental goals

You can also search GOV.UK’s list of active funds that help businesses become greener, or the UK Research and Innovation’s list of business competitions that award grants for green projects.

You can go to the Federation of Small Businesses or your local chamber for advice.

Wales – finance and support

These support schemes and networks are available in Wales:

  • The Boiler Upgrade Scheme gives £7,500 grants towards the cost of an air source heat pump or a ground source heat pump (including water source heat pumps and those on shared ground loops), or £5,000 towards a biomass boiler.
  • Business Wales is a government-funded organisation that offers specialist sustainability support in regional centres
  • Caerphilly Enterprise Fund gives up to £2,000 in matching funds to SMEs for property improvements, website costs and more – must be located in Caerphilly County
  • Media Cymru Greening the Screen Fund – UK registered SMEs in the film and HETV sectors and suppliers of energy, fuel, transport, production assets, information creation and dissemination can apply for a grant funding request between £75,000 and £250,000 for a 12-24 month project. The funding is to scale-up products, services or processes that will reduce the carbon footprint of the screen industry in the Cardiff Capital Region. Competition is live from 18 September – 1 November 2023.
  • The Green Business Loan Scheme is delivered through the Development Bank of Wales. It offers incentivised funding packages to support to businesses in Wales looking to invest in going green. There is also consultancy support offered through Business Wales.
  • Carmarthenshire Business Growth & Recovery Grant is funded by the UK Government via the Shared Prosperity Fund. The aim of the grant intervention is to strengthen local entrepreneurial ecosystems and supporting businesses at all stages of their development to start, sustain, grow, and innovate, including through local networks. Grants available between £1000 and £10,000. Grants of up to £50,000 can be considered on a case by case basis for applications which clearly demonstrate innovation, Research and Development and/or future proofing projects linked to the local innovation strategy