The Cardiff Capital Region team is committed to creating environments that fuel ambition and drive success throughout our economy. To drive this success in the commercial arena we have set up costed and targeted funds that help to create such environments.
The following funds from CCR are available to local businesses and to companies that relocate to the Region.
Strategic Premises Fund
Our Strategic Premises Fund (SPF) comprises £50m of development debt for commercial real estate schemes with the overarching goal to accelerate the growth of the South East Wales economy. Commercial loans vary from £2m-£15m with a target loan period of three years.
Set up by CCR and managed by CBRE, the SPF’s primary aim is to accelerate the delivery of employment space through commercial development and site-specific infrastructure. The Fund can provide support to developers, investors, and business owners across a range of sectors.
Innovation Investment Capital
Launched in November 2022, the sector agnostic Innovation Investment Capital (IIC) is a £50 million commitment to help scale innovative SME success in the Region. This provides patient capital through investments of £2m-£7m to high-growth enterprises based in, or expanding to, one of the ten unitary authorities of the Cardiff Capital Region.
IIC is looking to back those businesses that demonstrate credible potential for generating attractive returns with funding for each individual investment considered on a case-by-case basis.
Northern Valleys Initiative
Cluster Development Growth Programme
Investment Zone in the Cardiff Capital Region
The Cardiff Capital Region is to host one of the UK’s refocused Investment Zones in a joint funding package with the UK and Welsh Governments. The joint package is worth £160m over a period of up to ten years and will be delivered from 2024 onwards.
The intention for the Investment Zones is to catalyse high-potential knowledge-intensive growth clusters across the UK, with each Zone driving the growth of at least one key future sector from among green industries, digital technologies, life sciences, creative industries and advanced manufacturing.
In addition to CCR’s funding programmes there are other funds that might be relevant to companies that are based in Wales. The most prominent and recent among them is the new Investment Fund for Wales:
Investment Fund for Wales
The Investment Fund for Wales will deliver a £130 million commitment of new funding to the Welsh economy.
The fund, provided by the British Business Bank, aims to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across Wales.
The Investment Fund for Wales offers a range of commercial finance options with smaller loans from £25,000 to £100,000, debt finance from £100,000 to £2m and equity investment up to £5m. The fund covers the whole of Wales, including rural, coastal and urban areas.