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Over fifty projects have been given £5.9 million of support from the Welsh Government to invest in equipment that will help develop and embed new innovative products and services.

First published:
26 February 2024
Last updated:

Grants from the SMART Capital Equipment Fund and the Circular Economy Fund for Business were given to support organisations to invest in innovation with the aim of improving people’s lives, growing the economy and addressing the climate and nature emergencies.

Businesses of any size, research organisations, academic institutions, including further education colleges, and third-sector organisations were invited to apply for the funding.

Investment has been targeted towards activity which will help deliver the missions laid out in the Welsh Government’s innovation strategy, Wales Innovates and support has since been offered to projects across Wales that cover all areas of the economy.

They include Coleg Y Cymoedd in Nantgarw, who will use the funding for a new centre for digital innovation, sustainability, entrepreneurship, and knowledge exchange.

Meanwhile, the Welsh Blood Service will get support for equipment to research and improve the manufacturing and storage conditions affecting the quality of blood components leading to improved care for patients who receive transfusions.

Economy Minister, Vaughan Gething said: 

“Innovation is the tool that has the potential to enrich our education, our economy, our health and wellbeing, and our environment.

“As I recently set out in my priorities for a stronger economy, I want to bolster Wales’s innovation and digital capabilities including in new and rapidly evolving technologies.

“We want to create and nurture a vibrant innovation culture for a stronger, fairer, greener Wales so I’m glad we have been able to support these projects, which I believe will drive transformational change.”

In a cross-government approach, grants have been awarded from both the economy and climate change portfolios, with projects that support Wales’ move towards a circular, net zero carbon economy also recognised.

Wern Heulog Farm in Powys has been given support towards an initiative in the River Wye water catchment area. It aims to develop more sustainable poultry farming by using black soldier fly larvae to feed on the litter in a controlled environment, breaking it down and reducing its volume – potentially by up to 70%.

Minister for Climate Change, Julie James, said: 

“This is a great example of our Circular Economy strategy, Beyond Recycling and Innovation Strategy, Wales Innovates working side-by-side.

“Moving towards a circular economy in Wales, where we increase the use of recycled and re-used content in products or components, or extend the lifetime of products and materials, is a key part of the action needed on climate change.

“I’m therefore delighted we’ve been able to support these projects and the economic opportunities they bring while on our journey towards a more sustainable future and a zero waste, low carbon Wales.”

Funding allocations

SMART Capital Equipment Fund

CompanyLocal authority 
Aberystwyth UniversityCeredigion
Air Covers LtdWrexham
Bangor UniversityGwynedd
Batri LimitedBridgend
Cardiff UniversityCardiff
CatSci LtdCardiff
Ceridwen Oncology LimitedIsle of Anglesey
Coleg Y CymoeddRhondda Cynon Taf
Geochemic LtdTorfaen
Gestamp Tallent UK LimitedCarmarthenshire
I.Q. Endoscopes LimitedMonmouthshire
Kairos Biotech LtdDenbighshire
KCC Packaging LtdFlintshire
Markes International LtdBridgend
Microchip Technology Caldicot LimitedMonmouthshire
MicroLink Devices UK LtdNeath Port Talbot
Nellie Technologies LTDCeredigion
Snowdonia Aerospace Estates LLPGwynedd
Space Forge LimitedCardiff
Swansea UniversitySwansea
University of Wales Trinity Saint DavidSwansea
Welcome Furniture LtdGwynedd
Welsh Blood ServiceRhondda Cynon Taf
Wrexham UniversityWrexham
Zoobiotic LimitedBridgend

Circular Economy Fund for Business

CompanyLocal authority 
Apex Additive TechnologiesBlaenau Gwent
Bangor UniversityGwynedd
Cardiff Metropolitan UniversityCardiff
Cardiff UniversityCardiff
Envirowales LtdBlaenau Gwent
Fiberight LtdSwansea
Friction Technology LtdGwynedd
JC Moulding LtdBlaenau Gwent
NappiCycle LTDCarmarthenshire
NMC (UK) LtdBlaenau Gwent
Origin Analytical LtdPowys
Polyco LimitedPowys
Pulse Plastics LimitedBlaenau Gwent
Techlan LimitedCarmarthenshire
Tom Prichard Contracting LtdRhondda Cynon Taf
Tradebe Gwent LimitedNewport
TrimTabs LtdSwansea
Tuf Treads (Dyfed) LtdCarmarthenshire
University of South WalesRhondda Cynon Taf
Wern Heulog FarmPowys