Denbighshire County Council is inviting small and medium sized firms across the county to apply for a share of a £170,000 pot of funding being made available to encourage business growth and development.

The business grants totalling £50,000 in 2015/16 and a further £120,000 in 2016/17 are there to assist SMEs (Small and Medium Enterprises) where banks and other lenders have refused support for varying reasons.

At present there are no grants available either from the Local Authority or Business Wales and it is likely that any future funding from Business Wales will be focused on repayable finance. Businesses still require assistance where banks are not willing to lend and this is evident from continuous enquiries for funding and requests from advisory services.

SOURCE: denbighshire.gov.uk