Wales grants £36m to start-ups

Years ago we came up with the idea for an article about the best place in the UK to start a business. The rough theory behind the article idea was “There are loads of grants available, there’s bound to be one place that’s offering the biggest grants” or so we thought. Well how wrong we were. After three weeks searching through every grants database we could think of, we came to the conclusion that it was almost impossible to get a grant to setup in business, and if you could then you’d have to go through so many hurdles that it wasn’t worth it.

Well that was true until we came across this. If you’re thinking about starting up, and you’re flexible on where you start, then a new initiative launched by the Welsh Assembly should please you.
The new Wales business Start Up project will provide support to entrepreneurs looking to set up a business in Wales, and is expected to create more than 10,000 new jobs and support the development of over 8,000 new businesses across the country.

Deputy First Minister Ieuan Wyn Jones, who is also Minister for Economy & Transport said:
“This important project will provide a valuable range of services to help new businesses take their first steps and support them through the difficult early stages of starting a business.”

According to business locations advisory service Businessfacilities.com, Wales attracts almost ten per cent of foreign investment to the UK despite its population making up five per cent of those living in the UK.

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