Business & Industry
Business Support Funds
Anglesey County Council wishes to assist small and medium sized businesses to invest and the Holyhead Investment Fund (HIF) is available for a limited time. Contact Anglesey Business Centre tel.01248 752480/ Business Investment Loans/ Finance Wales - is a Welsh Government initiative to provide business investment loans to eligible business growth projects - see www.financewales.co.uk for further details.
Major Regeneration / Infrastructure/ Economic Projects
The following funds have been secured in Holyhead :-
European Objective One and Convergence Funds (see below)
- Welsh Government Local Regeneration Fund
- Welsh Government Transport Grant
- Welsh Government - Other Schemes
Holyhead is located within an EU Objective One area, and has been able to qualify for funds under various categories since 2001. The funding was allocated in a number of specific eligibility categories, each with its own criteria. Funds had to be applied for, in competition with other projects from across West Wales and the Valleys. Up to March 2006, Objective One funding approvals for Anglesey totalled circa £30M, of which circa £10M was approved for projects located in Holyhead.
EU Convergence Funding
A new round of EU regional support funding for West Wales and the Valleys has been confirmed, and some projects have been approved. This "Convergence Fund" will be available for up to seven years, and is similar in scale to Objective One. The funding arrangements and eligible activities differ from those under the Objective One programme. See the WEFO website for the latest information.