Bira urges Welsh traders to apply for Future Proofing Fund now

21st May 2024

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The British Independent Retailers Association (Bira) is encouraging Welsh traders to apply for the newly opened Wales Future Proofing Fund before the June 6 deadline.

Applications are open until June 6, or until the value of submitted applications exceed the budget allocation.

The fund offers grants of £5,000 to £10,000 for eligible micro, small, and medium-sized businesses in the retail, hospitality, and leisure sectors. These grants can be used to invest in renewable energy technology, improve business premises, and upgrade systems or machinery to reduce energy use.

Andrew Goodacre, CEO of Bira, said: “This is an excellent opportunity for our Welsh members to access funding that can help them reduce their running costs and become more energy-efficient. We strongly urge all eligible members to attend these webinars and explore the possibilities offered by the Future Proofing Fund."

To qualify, businesses must be located in Wales, employ between 1 and 249 people, have been trading before April 1, 2023, and operate from a property with a rateable value between £6,001 and £51,000. Businesses must also either own or lease their premises for at least three years beyond April 1, 2026.

For more details and to apply, click here to visit the Future Proofing Fund website.


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