There are various funding sources and incentive schemes that are made available in Holyhead. The following provides a summary of the main schemes. The list is not comprehensive, and other schemes may exist which are relevant to your project.

The listing of schemes here does not necessarily mean that they are currently available, or that your project will qualify.

PROPERTY INVESTMENT

Regeneration Investment Fund for Wales (RIFW) - A Welsh Assembly / EU funded scheme to help finance private sector property development which contributes to urban regeneration in West Wales and the Valleys. Schemes must contribute to an approved urban regeneration strategy - Holyhead has such a strategy. See www.rifw.co.uk for details. Likely to apply to larger property development schemes costing in excess of £3m. Scheme provides loans and investment capital and expects a financial return over an agreed period. Housing invstment is ineligible.

Town Improvement Grant (TIG) - A Welsh Assembly funded (formerly WDA) external property improvement incentive scheme. Has been replaced by the PEG (Property & Environment Grant). Administered in Holyhead by Anglesey County Council - contact Dave Jump tel. 01248 752461

Townscape Heritage Initiative (THI) - A scheme to assist improving buildings within certain designated Conservation Areas, including Holyhead Town Centre which has been allocated circa £3M. The Holyhead THI Project Officer is Nathan Blanchard tel. 01248 752461

Landlords Housing Grant - A scheme to encourage investment in existing buildings to create housing units to rent. Contact Anglesey CC Housing Grants Unit tel. 01248 750057 to check status

Housing Improvement Grants - A scheme to assist homeowners to improve their homes. Contact Anglesey CC Housing Grants Unit tel. 01248 750057

BUSINESS & INDUSTRY

Business Support Grants

There are a range of Anglesey County Council grants to assist small and medium sized businesses to invest. The new Local Investment Fund (LIF) started in April 2009. Following lobbying by Holyhead Forward, SME retailers are also be able to apply. Contact Anglesey Business Centre tel. 01248 752480

Single Investment Fund (SIF) - A single combined Welsh Assembly investment support scheme for eligible projects, including industrial and tourism sectors. Scheme now closed to new applicants.

Regional Selective Assistance (RSA) - A Welsh Assembly capital investment support scheme for large sized projects.

Business Investmemt Loans

Finance Wales - is a Welsh Assembly 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 Assembly Local Regeneration Fund
Welsh Assembly Transport Grant
Welsh Assembly - Other Schemes

EUROPEAN FUNDS

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. Expenditure under Objective One funding for Wales has to have been made before December 2008 to qualify. A leaflet has been prepared featuring Objective One funded projects 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.

Website: www.wefo.wales.gov.uk

               www.mon-ewrop.org

COMMUNITY PROJECTS

The following lists some of the funding sources which may be available in Holyhead:-

Awards for All (Lottery)
People & Places (Lottery)
Communities First Trust Fund
Heritage Lottery Fund
Sportslot
Grants to Voluntary Bodies
Mongallwn
Community Facilities and Activities Grant
Menter Môn Schemes
Rank Organization Trust

There are also a number of other funding schemes.

Medrwn Môn provide a grantfinder service for community and voluntary groups
(Tel. 01248 724944).

FUNDING - INITIAL ADVICE & SIGNPOSTING

You may contact the County Council's Economic Development Service for initial advice and suggested best funding route/advisor for your project - Tel. 01248 752480