ATLANTIC WHARF GROWTH FUND

The Atlantic Wharf redevelopment is a key strategic priority for the city, with works already underway on the new 16,500 capacity indoor arena. The LGF Atlantic Wharf Growth Fund will support businesses within the Butetown ward to relaunch, develop, grow and maximise the opportunity provided by increased footfall, spend and visibility generated by the Atlantic Wharf redevelopment.

Who is eligible for this funding?

The new fund will be available to Butetown based companies who meet the following criteria:

• A limited company, social enterprise, registered CIC or charity. Sole Traders are unfortunately not eligible.
• Has an operating turnover in last 3 years above the VAT threshold (£90,000).
• An established business that has been trading more than 2 years.
• Business located and has address in Butetown ward.
• An SME (less than 250 employees and an annual turnover under €50 million).

Business applications will be considered for investments that link with the city’s Stronger, Fairer, Greener Recovery Strategy, and will deliver:

• Job Creation and job safeguarding – monitored over a 12-month period.
• Growth in productivity, delivering an increase in turnover or market share.
• Increased accessibility and opportunities for local communities.

What is the Funding?

The Atlantic Wharf Growth Fund will consist of:

• Grants from £1,000 to £20,000.
• Available to businesses with their registered business address in Butetown ward.
• 2 quotes required for project spend.
• Grant will be 75% of total project spend excluding VAT.
• Items must not have had deposit or committed to purchase prior to approval.

Applicants will also need to show if grant funding can help contribute to the economic, social, cultural and environmental wellbeing of Cardiff.

We will consider applications above £20,000 for strategic projects that focus on creating jobs and investing in large capital projects.

You can find out more by emailing cardiffgrowthfund@cardiff.gov.uk.

*Please note the fund is subject to the Council receiving final budget sign off.