About LIF Cymru 

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The Local Investment Fund (LIF) is a package of flexible financial support to assist new and existing businesses by offering capital grants of 40% of eligible capital expenditure within an approved project, subject to a minimum of £1000 and a maximum of £10000 grant.

The scheme is targeted at small and medium sized enterprises (employing less than 250 people) with either a turnover not exceeding €50 million or a balance sheet not exceeding €43 million.

The Fund is designed to develop the local economy by stimulating business activity.  To be considered, your project must meet one or more of these objectives:

  • Creating jobs
  • Sustaining jobs
  • Increasing turnover
  • Aiding business growth
  • Increasing competitiveness
  • Making efficiency gains
  • Increasing sustainability
  • Stimulating further investment/growth
  • Introducing new products, services or markets
  • Supporting a key sector (Clean/Renewable Energy, Environmental Management, Telecommunications, ICT, Financial/Professional Products/Services, Creative Industries, Automotive, Aerospace, Construction, Food, Defence, Retail, Leisure and Tourism)
  • Creating/developing a Social Enterprise.

As the grant is part funded through the European Regional Development Fund (Convergence) businesses will need to be eligible for funding under this scheme. There are certain sectors/activities which are deemed ineligible for EU funding and these include:-

  • Coal/Steel
  • Shipbuilding
  • Synthetic fibres production
  • Activities which fall under the remit of other EU Programmes, eg Rural Development/European Fisheries
  • Banks
  • Insurance companies
  • Housing
  • Statutory education
  • Health services
  • Fisheries/aquaculture/agriculture and Annex 1 food production/milk substitutes/export related activities

Additionally, LIF cannot support projects which cause displacement, (i.e. provide an unfair advantage over local competitors)